Governor Deval Patrick this week joined state and local officials to announce a $490,000 MassDOT Transit Oriented Development (TOD) grant to the City of Somerville to fund bicycle and pedestrian improvements near the privately-funded, multi-family residential MaxPak development project.
"This important investment illustrates how prioritizing projects near public transportation can address the economic vitality of communities while creating private investments, and jobs today and for tomorrow," said Governor Patrick.
MassDOT's TOD Infrastructure and Housing Support Program ("TOD Bond Program") is intended to help create more compact, mixed-use, walkable development near transit stations. The TOD Bond Program provides financing for pedestrian improvements, bicycle facilities, housing projects and parking facilities within a quarter-mile of commuter rail, subway or bus stations, as well as ferry terminals.
The former 5.5-acre Brownfield site has been reclaimed and permitted as a TOD project for 199 residential units; 25 of which will be designated as affordable housing. The $50 million project is entirely funded by KSS Realty. Construction has started on the MaxPak site with demolition underway to prepare for construction of the first 15 housing units.
The MaxPak project is adjacent to the planned Green Line Extension, which will extend MBTA service to three densely-populated municipalities with high demand for public transit. The Green Line Extension is a significant economic development and transportation access improvement project for this key region of the Commonwealth.
As a result of the redevelopment of the MaxPak site, an extension of an existing Community Path is planned, encouraging alternative methods of transportation. The TOD grant funds a Community Path extension from Cedar Street to Lowell Street.
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