Federal, state and local officials today formally announced construction of the Wonderland Garage Project. The $47 million, seven-story parking facility with 1465 parking spaces supports the Patrick-Murray Administration's plan for the City of Revere's Waterfront Square Development, a smart-growth, transit-oriented development.
"The Wonderland project is a prime example of a strategic investment in transportation infrastructure that creates jobs today and spurs economic development for years to come in a location well-positioned for future growth," said Governor Deval Patrick.
"This project is at the heart of what government investment should be all about, putting people back to work now with the construction of this garage while also paving the way for private sector long-term investment in the Waterfront Square Development," said Congressman Ed Markey, Dean of the Massachusetts Congressional Delegation.
Funded with the American Recovery and Reinvestment Act (ARRA) and MBTA bond revenue financing, the project involves relocating the existing busway to consolidate parking and optimize transit services. The new garage will provide ample parking along with additional elements designed to create a multi-modal transit facility integrated with the adjacent Wonderland station.
The Waterfront Square development is 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. An estimated nearly 700 permanent jobs will be created as a result of the Waterfront Square Project.
Transit projects are a part of the more than $4 billion infrastructure investments being made as part of the Administration's Massachusetts Works initiative putting nearly 20,000 people to work across the Commonwealth this construction season.
Learn more about Massachusetts Works.