Assembly Sq. Development Receives $65 Million, Breaks Ground

Assembly Sq., Somerville map
WBZ article (with video)
Boston Business Journal: “Somerville development gets $65M boost”
Somerville Journal: Somerville’s Assembly on the Mystic to move ahead with $65M from state
Somerville News: Assembly Square vision more clearly revealed in press conference Monday

SOMERVILLE – I joined local and state officials along with community leaders and the Federal Realty Investment Trust (FRIT) to formally announce the groundbreaking and the $65 million dollar federal commitment to the exciting upcoming development. The money to redevelop Assembly Square comes from federal stimulus funds, and I-Cubed Funding (Infrastructure Investment Incentive Program), which are state funds allocated to go to programs that will result in new jobs and tax revenue for the Commonwealth.

Congressman Capuano, Governor Patrick, and Senator Kerry all spoke about the importance of getting these shovel-ready projects underway to stimulate the economy by making full use of President Obama’s stimulus package funds to put people to work immediately.

Congressman Capuano: “I don’t want to come to anymore groundbreakings; I want to come to some ribbon-cuttings.”

On hand were Senator John Kerry, Congressman Michael Capuano, Governor Deval Patrick, Mayor Joe Curtatone, Senator Patricia Jehlen, Senator Anthony Galluccio, Representative Carl Sciortino, Representative Denise Provost, Alderman-at-large Jack Connolly, Alderman Walter Pero, School Committee member Maureen Bastardi, and myself.

This project is the shared vision for a vibrant, eco-friendly and modern riverfront development along the Mystic. The success of this project to date is a testament to the hard work and collaboration of a wide spectrum of public and private interests, along with the tireless work and advocacy of local community groups such as the Mystic View Task Force, Somerville Transportation Equity Partnership and East Somerville Main Streets.

Governor Patrick flanked by elected officials and local community leaders.

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