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.
Plan Ahead for Safe Holiday Travel! posted on Dec 22
MassDOT advises residents and visitors to travel safely during the upcoming holiday season, check our online resources, and use public transportation where possible. As always, I-90 Exit 9 connecting I-84 to Connecticut and New York experiences heavy traffic on peak holiday travel days. Drivers are …Continue Reading Plan Ahead for Safe Holiday Travel!
MBTA: Weekend Service on 3 Commuter Rail Lines Begins December 27 posted on Dec 19
The restoration of weekend Commuter Rail service on three lines will begin next Saturday, December 27. The Kingston/Plymouth and Greenbush lines will see the return of Saturday and Sunday service and the Needham Line will resume Saturday service after a two year absence. “MassDOT is …Continue Reading MBTA: Weekend Service on 3 Commuter Rail Lines Begins December 27
Fairhaven Bike Train Program Recognized posted on Dec 18
The Town of Fairhaven was recognized alongside the Massachusetts Safe Routes to School (SRTS) Program by Cape Cod’s NPR station, WCAI, for their bike train program. A bike train is a fun way for elementary and middle school students to get to school while being …Continue Reading Fairhaven Bike Train Program Recognized