PATRICK-MURRAY ADMINISTRATION BREAKS GROUND ON $10.1 MILLION QUINCY MASSWORKS PROJECT
QUINCY – Monday, July 2, 2012 – Secretary of Administration and Finance Jay Gonzalez joined state and local officials in Quincy today to break ground on Quincy’s Town Brook Culvert Enhancement Project, which was supported by $10.1 million in MassWorks funding and is part of the city’s plan for redeveloping a portion of its downtown.
The Patrick-Murray Administration’s MassWorks program supports infrastructure projects by targeting local economic development initiatives and creating jobs.
“Our Administration continues to partner with cities and towns to invest in local infrastructure improvements,” said Lieutenant Governor Murray. “By working with the City of Quincy through the MassWorks Infrastructure Program, we are paving the way for future opportunities that will advance housing and economic development in Quincy’s downtown district and support regional economic growth.”
The City of Quincy was awarded a $10.1 million, 2011 MassWorks Infrastructure Grant for the relocation of the Town Brook Culvert in downtown Quincy. The relocation of the Town Brook is considered a critical infrastructure project which is needed to support the City of Quincy and Beal/Street-Works Downtown Redevelopment Master Plan.
The MassWorks grant to Quincy is the largest of the 42 projects across the state to receive funding in 2011, and met the MassWorks goal of being “shovel-ready” and represents the ability to leverage significant private investment. In addition to the MassWorks Infrastructure Program funds, the City has also recently approved a proposal by Street-Works to seek $40 million in funding from the state through the Infrastructure Investment Incentive (I-Cubed) Program. The I-Cubed funding would support additional infrastructure work needed to help support the redevelopment of the downtown.
"The Town Brook Culvert Enhancement Project is a great project for the City of Quincy, and I am excited to see it moving forward," said Secretary Gonzalez. "This project will put people to work and deliver a host of economic, housing and community benefits to the region."
“The MassWorks program is an integral part of the Patrick-Murray Administration’s commitment to improving our infrastructure, creating jobs and spurring economic development in every corner of Massachusetts,” said Greg Bialecki, Secretary of Housing and Economic Development. “This program matches the objectives of our long-term economic development plan, which includes empowering our local and regional economies.”
The City of Quincy’s Downtown Redevelopment Master Plan involves a public-private partnership between the City of Quincy and the Beal/Street-Works companies to build 3.5 million square feet of new development in downtown Quincy including 1,200 units of housing and 1.8 million feet of commercial space. The redevelopment of Quincy Center is expected to create over 11,000 new permanent jobs in the Commonwealth, and create millions of new sales and property tax revenues at both the state and local levels. The total project is expected to generate $1.6B in private investment in downtown Quincy.
Beal/Street-Works recently announced plans to begin construction on the “Merchants Row” section of downtown and is expected to be underway by February or March of 2013. The Merchants Row project is a $120 million development that includes two residential lofts, office space, retail space and a renovated Granite Trust building at 1400 Hancock Street.
“I thank the Patrick Administration for recognizing the important role the Town Brook relocation project plays in the greater Downtown Quincy redevelopment effort,” said Senator John Keenan. “This funding, which will yield both economic and environmental benefits, will be made back many times over by the subsequent economic activity we will see in this area over the next 20 years.”
“The MassWorks funding enabling the relocation of the Town Brook is critical to the master redevelopment plan for downtown Quincy,” said House Majority Leader Ronald Mariano (D-Quincy). “I thank Governor Patrick, Secretary Bialecki, and Mayor Koch for their continued leadership in overseeing this innovative public-private partnership. The result will be a long-anticipated revelation of Quincy Center that could never have occurred through traditional financing.”
"Working with Majority Leader Ronald Mariano, State Representative Bruce Ayers and State Senator John Keenan, Mayor Thomas Koch and the City Council, we were able to secure this valuable funding for this first part of this project,” said Representative Tackey Chan. “We have waited decades to revive Quincy Center and today is an incredible and important first step towards that goal."
“These funds are critical to the future downtown redevelopment and economic growth for the City of Quincy,” said State Representative Bruce J. Ayers.
“The Patrick-Murray administration has been a true partner with the City of Quincy on our plans to revitalize Quincy Center, and this vital MassWorks grant for the restoration of Town Brook is a testament to that partnership and the commitment of our leaders on Beacon Hill to see this historic transformation of our downtown become reality,” said Quincy Mayor Thomas P. Koch.
"Downtown Quincy represents the largest historic redevelopment in Massachusetts, and has become a national model for aging cities seeking a brighter future. We are thrilled to have the City of Quincy and the Commonwealth of Massachusetts as partners in this ambitious project. It is truly an example of a public-private partnership that works, and we are excited to see it continue to move forward," said Kenneth Narva, Co-Founder and Managing Partner of Street-Works Development.
The MassWorks Infrastructure Program, which is overseen by the Executive Office of Housing and Economic Development (HED), held its first competitive grant round in September, consolidating six capital budget programs to give communities a single entry point and one set of requirements for state public infrastructure grants. The consolidation aimed to improve efficiencies and streamline the decision-making process, increase access for municipalities of all sizes and enhance state-regional-local partnerships around economic development and housing production.
During the first grant round, 158 applications requesting more than $400 million in infrastructure grants were received from cities and towns of all sizes and representing every region of the state. In total, HED awarded $63.5 million in grants to 42 communities throughout Massachusetts for public infrastructure projects that will begin this spring and summer.
To learn more about the MassWorks Infrastructure Program and how it is supporting job growth and long term, sustainable economic development, please visit: www.mass.gov/eohed/infrastructure.