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.
Thanksgiving: Travel Safely! posted on Nov 24
MassDOT encourages Thanksgiving holiday travelers to check the latest winter weather forecast and plan ahead with the high volume of traffic on our highways and at Boston Logan International Airport expected this year. Highways are typically busiest on the Tuesday and Wednesday before and on …Continue Reading Thanksgiving: Travel Safely!
South Coast Rail: Bridge Replacements Move Forward posted on Nov 24
Governor Deval Patrick today joined Acting MassDOT Secretary and CEO Frank DePaola and local officials to announce a contract award for the replacement of four bridges in New Bedford and Fall River along the future South Coast Rail Line. The improvements will advance South Coast …Continue Reading South Coast Rail: Bridge Replacements Move Forward
I-495 Highway Safety Program Announced posted on Nov 20
MassDOT and the Massachusetts State Police announced the establishment of a new Highway Safety Corridor Program for I-495 through the towns of Chelmsford, Westford, Littleton, Boxborough, Bolton, and Berlin. The program posts public safety signs that read, “Highway Safety Corridor / Laws Strictly Enforced” at …Continue Reading I-495 Highway Safety Program Announced