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.
Fore River Bridge Project Milestone posted on Jul 29
The Fore River Bridge Replacement Project in Quincy-Weymouth continues during the summer of 2014 with installation of the permanent bridge components along with a new milestone: arrival of the new bridge steel sections. The view above shows the progress made at the Quincy tower location. …Continue Reading Fore River Bridge Project Milestone
Green Line Extension: Public Meeting July 31 posted on Jul 28
A City of Somerville and MBTA Green Line Extension Public Meeting regarding Medford Street Bridge construction has been scheduled for the following: Thursday, July 31, 6:00pm, Public Safety Building, 220 Washington Street, Somerville. Green Line Extension construction is underway and will involve periodic traffic impacts …Continue Reading Green Line Extension: Public Meeting July 31
MBTA: New WiFi System Announced posted on Jul 24
Under a new license agreement signed today by MBTA General Manager Beverly Scott, a state-of-the-art WiFi system will be installed throughout the MBTA’s sprawling network of fourteen Commuter Rail lines. At no cost to the MBTA or its customers, inMOTION Wireless, Inc. will build a …Continue Reading MBTA: New WiFi System Announced