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.
Governor Patrick Announces Ruggles Station Funding posted on Sep 16
Governor Deval Patrick joined US Secretary of Transportation Anthony Foxx to announce a $20 million federal Transportation Improvement Generating Economic Recovery (TIGER) grant to fund the Ruggles Station Commuter Rail Platform Project. Ruggles Station currently has only two platforms, limiting the number of trains that …Continue Reading Governor Patrick Announces Ruggles Station Funding
Aeronautics: Girls in Aviation Week posted on Sep 15
The Federal Aviation Administration has designated and Governor Deval Patrick proclaimed the week of September 15-19 as Girls in Aviation Week. The proclamation notes the importance of the aerospace industry to economic prosperity, national security and citizen safety. The number of women involved in the …Continue Reading Aeronautics: Girls in Aviation Week
MBTA Bus Operator 2nd Time Roadeo Winner! posted on Sep 15
MBTA bus operator Tyrell Sullivan has done it again! Tyrell won the MBTA’s annual bus roadeo Sunday in Charlestown. It’s the second roadeo title for Sullivan, a 29-year old South Boston resident who has been with the MBTA for almost nine years. Sullivan operates buses …Continue Reading MBTA Bus Operator 2nd Time Roadeo Winner!