Governor Deval Patrick joined Mayor Thomas Menino and community leaders to announce $10 million in city and state subsidies and $3 million in state and federal tax credits to advance the Greenway Parcel 24 housing development project in Chinatown. The project will create an estimated 700 construction jobs, 345 housing units and restore Chinatown's Hudson Street neighborhood that was razed nearly 50 years ago to make way for an expressway.
“I understand how much this project means to the residents of Chinatown and to realizing our long-term vision for the Greenway," said Governor Patrick. "Today, thanks to a strong public-private partnership, we are making the Hudson Street neighborhood whole again."
Parcel 24 is one of the largest residential projects currently proposed in Boston and is being developed by New Boston Fund in partnership with the Asian Community Development Corporation.
The Parcel 24 development is expected to break ground in spring 2012. The two-phase, $130 million project will consist of 50 affordable homeownership units, 200 market rate rental units and 95 affordable rental units. The first phase is slated to be complete in 2014.
The Hudson Street neighborhood that existed on this land in the 1960’s was destroyed to make way for an expressway. When the land was made available for development through the Central Artery Project, the former Massachusetts Turnpike Authority, now MassDOT, designated the development team. The project began following extensive community input and planning and after delays due to the national economic downturn. Federal, state and local funding helped to secure private sector investment and advance the project.
July 4th Holiday Services Update posted on Jun 30
MassDOT encourages safe travel during the upcoming July 4 holiday weekend. Before you drive, check our live Traffic Cameras web page to view current conditions. Traffic is especially heavy at the I-84 interchange at Exit 9 in Sturbridge on the day before the holiday and …Continue Reading July 4th Holiday Services Update
MassDOT Board Approves Contract for 325 New MBTA Buses posted on Jun 29
The MassDOT Board of Directors today approved a contract for the manufacture and delivery of 325 new state-of-the-art replacement buses for the MBTA fleet. “This is a major step in the process in modernizing the MBTA’s bus fleet and provides an important resource for millions …Continue Reading MassDOT Board Approves Contract for 325 New MBTA Buses
Medford Cradock Bridge: I-93 Route 16 Westbound Ramp Closure posted on Jun 26
MassDOT is scheduled to close the I-93 Route 16 Westbound off ramp on Monday, June 29, at 7:00 AM to begin construction on the Cradock Bridge Project in Medford. The off ramp is scheduled to be closed for the duration of the project through approximately …Continue Reading Medford Cradock Bridge: I-93 Route 16 Westbound Ramp Closure