Post Content

Revere Wonderland-Waterfront-Gov 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.

Written By:

Recent Posts

RMV: 2016 Low Number Plate Lottery Applications Now Accepted posted on Jun 25

RMV: 2016 Low Number Plate Lottery Applications Now Accepted

MassDOT Registrar of Motor Vehicles Erin Deveney announced that applications for the 2016 Low Number Plate Lottery are now being accepted online or by U.S. mail. Starting this year, for the first time ever, customers will be able to enter the lottery online by visiting:    …Continue Reading RMV: 2016 Low Number Plate Lottery Applications Now Accepted

Casey Arborway Project Public Meeting Set posted on Jun 24

Casey Arborway Project Public Meeting Set

MassDOT has scheduled a fourth Casey Arborway Project Construction Update Meeting as follows: Wednesday, June 29, 6:30-8:30 PM, Boston English High School Auditorium 144 McBride Street, Jamaica Plain The purpose of this meeting will be to provide the community with an update on the progress   …Continue Reading Casey Arborway Project Public Meeting Set

Milestone Nears: Longfellow Bridge “Salt and Pepper” Towers Restoration posted on Jun 23

Milestone Nears: Longfellow Bridge “Salt and Pepper” Towers Restoration

MassDOT announced that the restoration of the iconic “salt and pepper” towers of the historic Longfellow Bridge will be complete in late July. The downstream towers have been replaced on the bridge, and barges are transporting the last stones for installation on them. The capstones   …Continue Reading Milestone Nears: Longfellow Bridge “Salt and Pepper” Towers Restoration