Governor Deval Patrick joined Congressman John Tierney to announce that the state intends to use $5.9 million in federal stimulus funds from the American Recovery and Reinvestment Act (ARRA) for the Meadow Walk of Lynnfield economic development project. The ARRA funds, pending approval by the Metropolitan Planning Organization (MPO), will provide critical traffic signal and intersection improvements in the area surrounding the Meadow Walk project, a 203-acre redevelopment of the former Colonial Golf Club site in Lynnfield.
The Meadow Walk at Lynnfield project will redevelop the former Colonial Golf Club site and build needed affordable housing, providing jobs and new tax revenue for the Lynnfield/Wakefield communities. The project supported by ARRA funding is scheduled for advertisement in January 2010, pending MPO approval.
By early 2010 Massachusetts will have allocated its entire $437.9 million allotment of ARRA highway funding with projects in the pipeline or already under construction. Learn more about the Massachusetts Recovery Plan.