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Old 07-25-2017, 01:55 AM   #301
WormtownNative
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Re: Worcester Improvements

Quote:
Originally Posted by meddlepal View Post
This is so far from the truth that it could only be spoken by someone who is not from Worcester or does not have any connection to it beyond knowing it as that city far to the west of Boston in the Massachusetts hinterlands. I spend many weekends still in Worcester for a variety of reasons and regularly go out to restaurants and bars in the city despite living in Boston.

I grew up in Worcester. I still have a lot of connection to Worcester. Compared to what the city was in the 90's and early 2000's it is absolutely thriving right now and seems poised for a great run in the next 10 to 20 years as it gets greater connections to the Boston economy.
Agreed. I still live in the city, and while living here still has its issues, it is continuing to get better and better. All one has to do is look at Shrewsbury St., Green St., the Canal District, CitySquare may not be the most original idea, but it's still better than the mall that was there. Closed down, vacant mills and buildings have been redeveloped into condos and apartments. Are we completely there yet? No, no we're not. The city hall dwellers like to call Worcester "A City on the Move." The reality is that we're moving, but only a couple feet at a time, slower than what the city government advertises. But even at a couple feet at a time, progress is still progress.

The major thing I see coming over the next couple of decades is the transit and road infrastructure - getting our apathetic bus system into a viable option for people without cars, as well as implementing Complete Streets, with road diets, protected bike lanes, and the like. We also need to redevelop our business sector. Worcester cannot solely survive on restaurants and bars and the occasional shop. It needs more variety to sustain itself. But that can't happen until the city hall dwellers figure out how to not pit business vs. homeowners with the dual tax rate issue.

Even with those issues, we still are proud of our history, and we still have our identity. It's just without the same real estate market as Boston, the pockets for conversion for the reuse of buildings sometimes simply isn't there. And that's the reality.
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Old 07-25-2017, 02:12 AM   #302
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Re: Worcester Improvements

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Kelley Square development slated for $838K tax break

Worcester's city manager is recommending a 10-year, $838,000 tax break for a planned mixed-use development in Kelley Square.

BY LAURA FINALDI

The 70,000-square-foot project, which will consist of 48 market-rate apartments and a 20,000-square-foot public market and restaurant, will increase the total assessed value of its site from $390,700 to $8,529,000, according to a letter from City Manager Ed Augustus to the city council. The current use of the site is an empty dirt lot primarily used as unofficial parking for Crompton Place.

The proposed savings are equivalent to a 70-percent real estate tax exemption on the residential portion of the project.

During the 10-year period, the city is projected to receive $1,455,140 in commercial and residential tax revenue, which is about $1,311,000 more than what it would receive if the properties remained as is.

The project, located at 152 Green St. and 220 Harding St. in Kelley Square, is being developed by Allen Fletcher. It will cost an estimated $21.3 million, including about $4 million for acquisition, site work and soft costs and about $17.3 million for construction, according to Michael Traynor, the city's chief development officer.
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This is the current dirt lot next to the former Crompton & Knowles building.
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Old 07-25-2017, 02:17 AM   #303
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Re: Worcester Improvements

Buried at the bottom of an overview of the Urban Renewal plan and the activities of the WRA from the end of June:

Quote:
WRA is also moving ahead on selling a one-acre property on Washington Square.

The authority plans to request from the City Council a roadway on the site once leading from Summer Street to Foster Street be legally discontinued so that the dead-end street could be built upon. The Washington Square rotary was also made smaller nearly a decade ago in part to increase the amount of developable land there.

While the legality is ironed out, word has gotten out that the city is interested in selling the site, Traynor said. A 2006 study conducted for the city called for a four-story office building on the property.

The sale listing of the one-acre property comes as the Homewood Suites by Hilton hotel finished construction on a separate Washington Square parcel, opening for customers on June 25.
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This roadway used to lead to an intersection that was the major entrance/exit point for one of the Worcester Common Outlet garages.
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Old 07-26-2017, 09:47 AM   #304
JohnJ
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Re: Worcester Improvements

The Worcester Business Journal has a good article on the history of Worcester's downtown redevelopment. There's no news on new projects, but its a good read for those interested.

http://www.wbjournal.com/article/201...307219997/1002
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