- Associated Press - Tuesday, April 5, 2016

QUINCY, Mass. (AP) - A proposal has been approved by the board governing the Massachusetts Bay Transportation Authority to develop vacant space around the MBTA’s North Quincy Station.

The Boston Globe reports (https://bit.ly/23cQ8T4 ) the plan to transform a parking lot in the area of the Red Line station into a mixed-use development with retail and apartments still faces separate approval in Quincy.

If the proposal is green-lit, a 99-year lease would provide approximately $230 million in revenue to the financially struggling transit authority.

The project follows a rapidly growing trend of transit-oriented development, which MBTA officials say increase access to public transit and potentially increase ridership.

The projected $205 million plan includes more than 600,000 square feet dedicated to residential space to go along with a retail component and a 1,307-space parking garage.

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Information from: The Boston Globe, https://www.bostonglobe.com


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