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.
Casey Arborway Project: Casey Overpass Permanent Closure posted on May 5
As part of the MassDOT Casey Arborway Project, the project team has announced that the Casey Overpass will be closed as follows: Saturday, May 9th – Westbound toward Jamaica Pond closed Saturday, May 16th – Casey Overpass closed permanently BOTH directions By the time of …Continue Reading Casey Arborway Project: Casey Overpass Permanent Closure
Construction Career Day to Attract Hundreds of High School Students posted on May 5
More than 600 Vocational Technology High School Students from across Massachusetts will move a step closer to a career in the construction industry at the 13th Annual Massachusetts Construction Career Day to be held Thursday, May 7th, 7:30 AM to 2:30 PM, at the New …Continue Reading Construction Career Day to Attract Hundreds of High School Students
Massachusetts Community Transportation Conference Set posted on May 4
MassDOT’s Rail & Transit Division in partnership with MassMobility is hosting the annual Massachusetts Community Transportation Coordination Conference on Tuesday, May 5 in Marlborough. MassDOT Secretary and CEO Stephanie Pollack will deliver the keynote address outlining MassDOT’s vision for coordinated transportation. The annual statewide coordination …Continue Reading Massachusetts Community Transportation Conference Set