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.
MassDOT: Fourth Annual Safe Streets Smart Trips High School Video Contest posted on May 19
MassDOT today announced the fourth annual statewide high school video contest – Safe Streets Smart Trips. The contest serves as an initiative within the Massachusetts Strategic Highway Safety Plan (SHSP) to promote safe walking, bicycling, and driving behaviors within the Commonwealth. The contest began three …Continue Reading MassDOT: Fourth Annual Safe Streets Smart Trips High School Video Contest
New Bedford: Massachusetts Freight Plan Open House posted on May 19
MassDOT is hosting the fourth Open House for the Massachusetts Freight Plan as follows: Wednesday, May 24, 4:00 PM to 5:30 PM, New Bedford Free Public Library, Meeting Room (3rd floor), 613 Pleasant Street, New Bedford MassDOT’s Freight Plan is a strategic planning document that …Continue Reading New Bedford: Massachusetts Freight Plan Open House
MassDOT Environmental Priority: Endangered Species Habitat Preservation posted on May 19
Today, May 19, is Endangered Species Day, a day when many environmental organizations and government agencies recognize conservation efforts to protect endangered species and their habitats. The MassDOT Highway Division works hard to ensure compliance with State and Federal endangered species regulations to avoid, minimize …Continue Reading MassDOT Environmental Priority: Endangered Species Habitat Preservation