For Immediate Release - June 13, 2008

Governer Patrick Announces Support to Transit-Oriented Development

Beverly Depot Will Receive Funds to Assist Commuters and Boost the Local Economy

BEVERLY- Friday, June 13, 2008 - Governor Deval Patrick today announced the administration will support an important transit-oriented development project in Beverly. The Commonwealth, in conjunction with the MBTA, the City of Beverly and the federal government, will help fund an $18.5 million commuter parking garage that will also promote planned residential or commercial space near Beverly Depot.

"Public transportation is more important today than ever before," said Governor Deval Patrick. "I am proud that our administration can partner with the MBTA, the City of Beverly, the legislative delegation and Congressman Tierney to stimulate the local economy and provide easier access to our commuter rail system."

"The administration's investment in transit oriented development will provide opportunities for residents and small business owners," said Transportation Secretary and MBTA Board Chairman Bernard Cohen. "We want as many commuters as possible to use mass transit. This project will support important transit-oriented development, while making it easier and more convenient for commuter rail riders to find a parking spot in the morning."

Beverly Depot is the third-busiest commuter rail station within the MBTA system, and an integral component of the North Shore's public transportation network. The new garage would allow for a minimum of 500 commuter parking spaces - half of the 1,000 commuter parking spaces the Commonwealth is mandated to provide by the end of 2011.

The project would also support a mix of nearby residential and commercial space known as transit-oriented development. The City of Beverly has specifically requested that the area near the station be designated for transit-oriented development. This project is also an important step in the Commonwealth's efforts to improve mobility and air quality.

"Advancing this critical project in Beverly has long been a priority of mine, and I have worked to secure millions of dollars for it since being elected to Congress. Today's announcement by Governor Patrick is important news and a necessary step toward the completion of this parking station project," said Congressman John F. Tierney.

"This is a great day for Beverly. Our thanks go out to Congressman John Tierney, State Senator Fred Berry, and State Representative Mary Grant for their hard work and support over many years to make this day a reality," said Beverly Mayor Bill Scanlon. "We also have to thank Governor Patrick, Jay Gonzalez, Undersecretary of Administration and Finance and Mark Boyle, Director of Real Estate for the MBTA. Without their help we could never have put this together."

"Beverly is third-busiest commuter rail station, and it is exciting to see this project move forward at a time when gas prices are soaring and housing and retail developments are growing around the depot over the past few years to promote economic development," said Rep. Mary E. Grant.

"I want to thank Governor Patrick, his administration and the MBTA for their dedication to this needed and worthwhile project," said Senator Frederick E. Berry. "Mayor Scanlon and his staff have led the charge to get a parking garage in Beverly, and this announcement is great news not only for commuter parking, but for economic development in general."