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.
Green Line Extension Public Meeting Set posted on Sep 2
The MBTA will hold a public meeting to discuss early construction elements of the Green Line Extension project that will begin this fall. The meeting is scheduled as follows: Thursday, September 18, 6:00-8:00pm, Holiday Inn, 30 Washington Street, Somerville Green Line Extension construction will be …Continue Reading Green Line Extension Public Meeting Set
RMV: New Boston Branch Location, Low Number Lottery Drawing posted on Aug 28
MassDOT Registrar of Motor Vehicles Celia J. Blue announced the annual low number license plate lottery drawing will be held on September 10 at the RMV’s soon-to-open new Boston branch, Haymarket Center at 136 Blackstone Street. “As we move our operations to a new Boston …Continue Reading RMV: New Boston Branch Location, Low Number Lottery Drawing
Labor Day Weekend Travel: Plan Ahead! posted on Aug 27
MassDOT encourages motorists to plan ahead for safe travel during the upcoming Labor Day holiday weekend. Heaviest Labor Day traffic on I-90 is expected Thursday and Friday westbound and Monday afternoon-evening eastbound. The number of toll transactions on the Turnpike from Weston to the New …Continue Reading Labor Day Weekend Travel: Plan Ahead!