Governor Deval Patrick joined Congressman Ed Markey, House Speaker Robert A. DeLeo and Mayor Tom Ambrosino today in announcing the Wonderland parking garage project in Revere is moving forward with federal stimulus American Recovery and Reinvestment Act (ARRA) funds along with MBTA bond revenue financing.
The funding plan gives the green light to begin construction in 2010 of the planned $47 million, 9-story, 1,900 space South Garage Parking Facility at the T's Wonderland Station on the Blue Line that will support Waterfront Square, left, a critical smart growth and transit-oriented development project.
The garage will improve access to the T and is a key phase one component of Waterfront Square, a planned mixed-use community of 902 residential units, 145,500 square feet of office space, a 100-room hotel and 28,000 square feet of retail space. Waterfront Square will create an estimated nearly 700 permanent jobs, with the parking garage creating an estimated 500 construction jobs.
The MassDOT Board last week authorized the $22.7 million award of federal stimulus ARRA funds and $11.3 million in MBTA bond revenue financing toward the project. The additional funds supplement federal and state funding previously allocated. Financial analysis indicates that parking revenues from the new garage will exceed the cost of the MBTA's borrowing and in fact will generate additional net revenues.
Springfield: Governor Baker, Secretary Pollack Celebrate Rail Car Manufacturing Facility posted on Sep 4
Governor Charlie Baker joined Springfield Mayor Domenic Sarno, CRRC Vice President Weiping Yu, and state and local officials to announce the groundbreaking for a $95 million railcar manufacturing facility for the purpose of fabricating the Orange and Red Line subway cars and to support future …Continue Reading Springfield: Governor Baker, Secretary Pollack Celebrate Rail Car Manufacturing Facility
MassDOT, Partners Awarded Federal Workforce Development Grant posted on Sep 4
MassDOT has been awarded a Federal Transit Administration (FTA) Workforce Development grant to support the Massachusetts Construction Career Development (MCCD) program preparing the next generation of skilled workers in construction trades. MassDOT is one of 19 grant recipients from 13 states, as announced this month …Continue Reading MassDOT, Partners Awarded Federal Workforce Development Grant
MBTA: South Boston Bus Stop Improvement Program posted on Sep 3
In consultation with the South Boston local elected officials, the MBTA is pleased to announce preliminary planning for South Boston bus stop and service improvements. Goals for the effort include the following: • Enhance service reliability • Reduce overcrowding at bus stops • Optimize bus …Continue Reading MBTA: South Boston Bus Stop Improvement Program