State, City, Veolia Team Up for Strategic Boston Redevelopment
ByThe Commonwealth of Massachusetts, the City of Boston, and energy company Veolia join forces in major redevelopment project.
The 185 Kneeland St. parcel and plans for redevelopment, presented by Mass. Gov. Charlie Baker
Boston—The Office of the Massachusetts Governor announced a joint state and city partnership with Veolia North America. The agreement will kick off the redevelopment of Massachusetts Department of Transportation’s (MassDOT) District 6 Headquarters and the adjacent Veolia steam plant, announced Mass. Governor Charlie Baker, Boston Mayor Martin Walsh, and Veolia representatives.
The development is part of the administration’s “Open for Business” Real Estate Asset Leveraging (REAL) Strategy, which broke ground last October. The project identifies state-owned properties that are unused or have greater potential, and highlights them for public-private redevelopment partnerships. The REAL strategy, according to the Governor’s website, is looking to leverage market-rate and affordable housing, to reduce government costs, and to increase state revenue while creating jobs and benefiting local communities. Seven such partnerships are already under agreement at the time of publication…
State, City, Veolia Team Up for Strategic Boston Redevelopment
