FY2002 BEDI Funding Announcements - Massachusetts

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Massachusetts

Worcester will receive $1 million of BEDI funds and $2.45 million in Section 108 loan funds to assist in the redevelopment of a brownfield site on the 30 acre Gardner-Kilby-Hammond Street Neighborhood Revitalization Project. The project includes the construction of a new Worcester Boy's and Girl's Club facility, the Clark University athletic complex and 80 units of affordable rental and homeownership housing. The Gardner-Kilby-Hammond project is expected to create 300 new jobs for the community. The City will use the BEDI grant and the Section 108 loan for site preparation and environmental remediation. The City expects this project to generate an additional $3 million in other private investment. Total project costs are estimated at $32 million.