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.
Methuen Rotary: New I-93 Northbound Ramp Opens July 30 posted on Jul 25
MassDOT’s Methuen Rotary Interchange Reconstruction Project reaches a major milestone on Saturday, July 30, when the first new ramp of the reconstructed interchange opens to traffic. The new I-93 northbound on-ramp is located approximately 400 feet east of the current ramp. A new signal will …Continue Reading Methuen Rotary: New I-93 Northbound Ramp Opens July 30
Longfellow Bridge: Next Stage of Construction to Begin in August posted on Jul 22
MassDOT’s contractor is scheduled to begin the next stage of construction on the Longfellow Bridge in August 2016 now that the MBTA Red Line trains have been moved to their new locations. In this stage, bridge rehabilitation work will occur under the MBTA outbound track. …Continue Reading Longfellow Bridge: Next Stage of Construction to Begin in August
Maynard: Assabet River Rail Trail to Connect with MBTA Station posted on Jul 21
MassDOT Highway Administrator Tom Tinlin today joined local legislators to break ground on the Assabet River Rail Trail construction project in Maynard. The $6.7 million project links the Assabet River National Wildlife Refuge with the downtown Maynard business district as well as the MBTA South …Continue Reading Maynard: Assabet River Rail Trail to Connect with MBTA Station