Got it, wasn't aware of that. I thought it was going on the MBTA parking lot across the street. ($6 for all-day parking, cash only, by the way).
No. Northpoint was all former rail yard owned by Pan Am. Pan Am was the one who hired all the developers for Northpoint to parcel that unused property off. GLX was being planned long before Northpoint ever was, and Pan Am knew this. So when it started getting its internal house in order on hiring developers, it started talking to the state about GLX. Because that new Lechmere station and all the new outbound stops SERIOUSLY increases the land value of the development they were about to embark on.
So it took shape as a land swap: the state gets all the land it would ever need in ex- freight yard territory for GLX, Assembly Square station (which is on ex- Pan Am property), and the Brickbottom yards complex. They threw in two
mothballed train yards in downtown Lowell for redevelopment...pretty much free-of-charge since they need some environmental remediation before they become pretty nice redev parcels next to the river. They threw in lifetime trackage rights on their track to Concord, NH, Wachusett, and Plaistow, NH for commuter rail future considerations, and lifetime trackage rights on the Worcester-Ayer branch for that day in the future when the Grand Junction has to be taken for the Urban Ring (purely transactional and cost-neutral, but it's forever). As well as agreeing to up their self-funding stake in the very lucrative Patriot Corridor freight project, so MassDOT really doesn't have to spend very much at all to get a competing corridor with the CSX/B&A projects they spent shitloads on. And they agreed to re-streetscape Lechmere Square out-of-pocket.
In return, all Pan Am wanted was to be deeded the old Lechmere station parcel to build something tallish on while Northpoint's building boom was going hot. To have some sort of design control over the Lechmere streetscaping (to bait the parcel developer into shooting for the moon). To get some sort of affirmative on whether GLX was real or not. And to get a basic scratch-your-back/scratch-mine agreement to be nice and cooperative on mundane Northpoint-related things like hashing out the traffic patterns, utility hookups, and whatnot. Which means if this thing gets shitcanned you'll probably still see Lechmere relocated in the closeout costs as a good-faith gesture to all that wheeling-and-dealing.
The state made out like bandits in that swap. It was BAFFLING how much Pan Am undersold that huge a quantity of acreage. I mean...the Lechmere Sq. site is nicely situated and all and ties the room together , but it's only big enough for one self-contained structure of probably no more than 6-10 stories. It's not
that extraordinary a money-maker.
If nothing ever comes of this whole tortured saga except for punting Lechmere across the street, the state still got outstanding return--and revenue pumped back into the economy--on one cost-neutral land swap of old train yards for other old train yards. Maybe not so much value in what it aimed to do
after making that land-swap, depending on how this show ends...but the land swap in isolation was a very good haul.