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 Signs “Boston Strong” License Plate Bill posted on Apr 18
Governor Deval Patrick today signed legislation creating a Massachusetts “Boston Strong” license plate. The legislation directs the Registry of Motor Vehicles to establish a license plate memorializing the victims of the Boston Marathon bombings adorned with the phrase “Boston Strong.” All proceeds from sales of …Continue Reading Governor Patrick Signs “Boston Strong” License Plate Bill
Whittier Bridge I-95 Update: River Boaters Notice posted on Apr 18
The Whittier Bridge/I-95 Improvement Project continues through the 2014 boating season. Much of the work this season to construct the new northbound span of the Whittier Bridge is taking place from the Merrimack River to the immediate east of the existing bridge. Several large barges, …Continue Reading Whittier Bridge I-95 Update: River Boaters Notice
Route 79/Braga Bridge Project Public Meeting Set posted on Apr 17
Please join MassDOT at a public meeting for an update on construction progress on the Route 79/Braga Bridge Improvements Project, as follows: Wednesday, April 30, 6:30 pm to 8:30 pm, Heritage State Park Auditorium, 200 Davol Street, Fall River The meeting will include an opportunity …Continue Reading Route 79/Braga Bridge Project Public Meeting Set