Governor Patrick Tours Housing and Economic Development Opportunities in Revere
State and Local Partnerships Propel Economic Growth in the Metro North Community
REVERE – September 27, 2013 – (RealEstateRama) — Governor Deval Patrick today toured Revere with local officials to discuss the importance of partnering with cities and towns to grow jobs and create economic opportunity. Through strategic investments in housing and economic development projects, Revere has become an attractive, emerging place for residents and families to live, work and play.
“By working with city leaders and local officials, our targeted investments are spurring economic activity, supporting existing businesses and creating a community where families can live, work and play,” said Governor Patrick. “Revere is an example of the communities we can build when we have a commitment to creating long-term economic opportunity that will last for generations to come.”
Revere’s recent growth comes after the Patrick Administration’s substantial investment in the city through the Executive Office of Housing and Economic Development (EOHED) and MassDOT. In recent years, the state has contributed a large amount of public funding to help rebuild the Wonderland MBTA parking garage and bus station. This investment has unlocked a variety of private development, which is expected to break ground later this year. These projects include 341 housing units, a 400-room hotel and new retail developments directly adjacent to the MBTA station.
“I’m excited about showing Governor Patrick and Secretary Bialecki all of the many sites throughout our community that can and should be developed and/or redeveloped,” said Mayor Dan Rizzo. “Our proximity to downtown Boston, numerous access points to public transportation, and beautiful beachfront continues to draw significant interest from developers, both locally and on a national level.”
The tour included a number of stops along the City’s Broadway Business District. At the first stop, the Governor and members of the Administration met with owners of Motorcycles of Manchester, who are looking to open a new office in the city by renovating a long-dormant building at 184 Broadway. The Governor also visited the site where Neighborhood Developers propose to build a complex for senior residents, which will include 40 affordable housing units. Additionally, the Governor stopped and met with Saber Abouealala, an Egyptian-American and small business owner who runs The Good Diner. Abouealala bought and renovated the space nearly two years ago and it has become a popular spot on the city’s bustling, business-oriented street.
“On this most recent tour of downtown Revere with Mayor Rizzo, I was impressed by the many new housing and economic developments underway there and by the several new businesses moving into the area,” said EOHED Secretary Greg Bialecki. “I look forward to our ongoing partnership with city officials to explore ways to spur continued growth throughout the community.”
“Revere truly is a wonderland of smart and sustainable economic development,” said Senator Edward Markey. “From the new state-of-the-art transit center at Wonderland Station that is creating jobs, to the expansion of affordable housing options and small business opportunities, Revere is a destination to live, work and play. I applaud Mayor Rizzo and Governor Patrick for their leadership, which is making Revere an anchor for the North Shore and the entire region’s economic growth.”
“I’ve always felt that Revere is a city on the move and today’s tour proves that,” said House Speaker Robert A. DeLeo. “By collaborating with the Patrick administration and city officials we have made transportation and housing improvements, and enhanced Revere’s coastal status. Together, we are bringing out the city’s full potential and fostering sustainable growth.”
“The strong partnership that exists between our state and city delegation have really allowed us to take full advantage of the community development initiatives made available by the Patrick Administration, Secretary Bialecki and the Executive Office of Housing and Economic Development,” said state Representative Kathi-Anne Reinstein. “We have had some amazing development taking place in Revere recently, it’s important we continue to explore all resources and opportunities to better our city moving forward.”
This visit builds off Governor Patrick’s tour of Malden yesterday, where he met with local business owners and toured development sites within walking distance of the MBTA’s Malden Center Station. Housing complexes planned for Malden Station and Exchange Street will provide residents with easy access to the City’s downtown and public transportation systems
Media Contact
Heather Johnson
Bonnie McGilpin
Juli Hanscom
617-725-4025
Emily Fitzmaurice (EOHED)
617-788-3615
