For Immediate Release - November 17, 2008

Governor Patrick Announces Plymouth Growth District at Cordage Park

Innitiative Will Expedite Commercial and Residential Development

PLYMOUTH- Monday, November 17, 2008 - Governor Deval Patrick and Senate President Therese Murray today joined local officials to announce the Cordage Park Growth District at Plymouth's Seaport.

"Growth Districts are hubs for planned areas of economic growth and housing development across the Commonwealth," said Governor Patrick. "By identifying these districts and focusing our collective resources on making each one development ready now, we are creating the conditions for business growth and community vitalization for years to come."

The Plymouth Growth District is located at Cordage Park, located by the seaport and owned by Janco Development. The seaport area includes 55 acres of waterfront property as well as a 250-slip marina. The Seaport at Cordage Park will include 1.45 million square feet of mixed-use development including retail, office and hotel space, as well as property for 675 residential units. The site guarantees permitting on all sites to be completed within 75 days.

"Utilizing existing infrastructure and buildings to meet the needs of our community is good for residents and good for our town," said Senate President Therese Murray. "The Seaport at Cordage is a blueprint for smart growth projects across the state, and by being named a Growth District, the development will have cooperation across state agencies and the tools to more effectively and efficiently complete this project."

Through the Growth Districts Initiative (GDI), the Patrick Administration partners with municipalities that have identified one or more areas for significant commercial, residential or mixed-use growth. The Executive Office of Housing and Economic Development (EOHED) will focus resources to ensure each growth district is truly "development ready," such as assisting communities secure all required permits, completing site preparation, identifying infrastructure improvements and making marketing resources available. Each district will be put on a fast track for groundbreaking.