For Immediate Release - October 26, 2010

PATRICK-MURRAY ADMINISTRATION ANNOUNCES MASSWORKS INFRASTRUCTURE GRANT FOR EVERETT ROADWAY PROJECT

Project will expand Rivers Edge Growth District to City of Everett, improve and extend Airforce Road

EVERETT- Tuesday, October 26, 2010 - Continuing the Patrick-Murray Administration's commitment to supporting new economic development opportunities and strengthening our communities, Lieutenant Governor Timothy P. Murray today joined state and local officials to announce the expansion of the Rivers Edge Growth District to include City of Everett property and to announce a $2 million MassWorks Infrastructure Grant award to expand and improve Airforce Road.

The funds announced today will be used to rebuild Airforce Road, including the installation of sidewalks, lighting, and pedestrian crosswalks, and extend the road in order to provide access to the 7-acre City Park. The funding will also support the commercial redevelopment of Rivergreen Business Park. Rivergreen Business Park was formerly the site of General Electric and is the property to be added to the Rivers Edge Growth District. The site has been acquired by Berkeley Investments, who plan to construct up to 500,000 sq ft of new development on this site.

"From day one we have been focused on managing state funds efficiently, and the consolidation of these infrastructure grants allows us to make timely investments in communities, putting people to work and continuing to improve our economy," said Governor Deval Patrick.

"MassWorks grants are supporting business growth throughout the Commonwealth by providing public infrastructure grants for such improvements as sewers, roadways, pedestrian walkways, and water treatment systems," said Lieutenant Governor Timothy Murray. "I am pleased to officially recognize this Everett property as part of the regional Rivers Edge Growth District and target this MassWorks grant to support improved access on Airforce Road."

The Patrick-Murray Administration this year launched the MassWorks Infrastructure Program as a one-stop shop for municipalities seeking public infrastructure funding. The program consolidates six existing infrastructure programs, each aimed at supporting job creation and economic development, to provide increased efficiency, service, and communication when cities and towns apply for infrastructure grants and resources. This approach has reduced duplication, improved accountability, and provided for the most effective management of state resources.

"I have to thank Governor Patrick, Lieutenant Governor Tim Murray, and Secretary Bialecki for sharing and embracing our vision. I also have to thank my partners - Mayor McGlynn, Mayor Howard, and Mr. Young Park from Berkeley Development," said Mayor Carlo DeMaria. "River Green is a reality which will bring new jobs and new life to the cities of Everett, Medford and Malden. This site was once an epicenter of industry. With this grant, we will bring new life, new business and good jobs to the State."

"This grant will benefit both our city's residents and business community by providing greater access to our parks and demonstrating a continued commitment to promoting economic growth in the City of Everett," said Senator Sal DiDomenico.

The Rivers Edge Growth District was designated by the Patrick-Murray Administration on September 23, 2009. Lieutenant Governor Murray announced the designation at an event in Medford, along with a $540,000 Growth District grant to support the project. At that time, the Rivergreen Business Park was undergoing review with the Massachusetts Environmental Policy Act (MEPA) Office, which it has since successfully completed.

"Berkeley Investments is pleased to be investing in the Rivergreen Business Park and in the city of Everett to attract new businesses and opportunities to the area," said Young Park, CEO, Berkeley Investments. "We look forward to this continued partnership with the city and the state in bringing this project to fruition."

The MassWorks Infrastructure Program consolidates six grant programs: Public Works Economic Development Grant (PWED), Community Development Action Grant (CDAG), Growth District Initiative (GDI) Grant, Massachusetts Opportunity Relocation and Expansion Program (MORE), Small Town Rural Assistance Program (STRAP) and the Transit Oriented Development (TOD) Grant Program.

Learn more about the newly created MassWorks Infrastructure Program, a one-stop shop for municipalities seeking public infrastructure funding to support job growth and long term, sustainable economic development at www.mass.gov/eohed/infrastructure.

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