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.
Video: Toll Plaza Demolition, Reconstruction Shown Step by Step posted on Oct 26
On October 28, I-90 (The Massachusetts Turnpike) will transition to All Electronic Tolling, and MassDOT will begin demolishing the existing toll plazas and reconstructing the roadways. The following is a visualization of what drivers can expect to see as they travel through an existing toll …Continue Reading Video: Toll Plaza Demolition, Reconstruction Shown Step by Step
Cementing the Future of the Braga Bridge posted on Oct 25
When MassDOT undertakes a bridge and highway restoration project, such as the Route 79/Braga Bridge Improvements Project, it aims to make efficient and long-lasting choices of materials. Materials are meticulously evaluated and chosen to ensure lower maintenance costs and an improved service life. For the …Continue Reading Cementing the Future of the Braga Bridge
All Electronic Tolling Activated October 28, Toll Plaza Demolitions Begin This Weekend posted on Oct 24
MassDOT today hosted a news conference and media tour in Weston to inform the public that plans are on schedule to activate All Electronic Tolling (AET) in the state on Friday, October 28, at 10 p.m., and to immediately deploy equipment to begin the process …Continue Reading All Electronic Tolling Activated October 28, Toll Plaza Demolitions Begin This Weekend