Assembly Square project gets $10M in funding
By Herald Staff
Tuesday, May 4, 2010 - Added 15h ago
E-mail Print (4) Comments Text size Share Buzz up!Gov. Deval Patrick announced today that the state has released the first round of funding for the Assembly Square project in Somerville.
The Massachusetts Development Finance Agency has issued a $10 million note on behalf of the project, the first to receive funding through the Infrastructure Investment Incentive (I-Cubed) program.
The I-Cubed funds will support the first phase of public infrastructure improvements at Assembly Square, primarily roadway infrastructure to facilitate construction of an IKEA store. The first phase in development of the site is expected to create 500 new jobs. By final build-out, the project is expected to create thousands of permanent jobs.
Patrick announced in July that more than $65 million in state bond and federal stimulus funding commitments will support public infrastructure improvements at Assembly Square.
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Assembly Square project gets $10M in funding
By Herald Staff
Tuesday, May 4, 2010 - Added 15h ago
E-mail Print (4) Comments Text size Share Buzz up!Gov. Deval Patrick announced today that the state has released the first round of funding for the Assembly Square project in Somerville.
The Massachusetts Development Finance Agency has issued a $10 million note on behalf of the project, the first to receive funding through the Infrastructure Investment Incentive (I-Cubed) program.
The I-Cubed funds will support the first phase of public infrastructure improvements at Assembly Square, primarily roadway infrastructure to facilitate construction of an IKEA store. The first phase in development of the site is expected to create 500 new jobs. By final build-out, the project is expected to create thousands of permanent jobs.
Patrick announced in July that more than $65 million in state bond and federal stimulus funding commitments will support public infrastructure improvements at Assembly Square.
(4) Comments | Post / Read Comments
Next Article in Real Estate:
Pending home sales rise 5.3 percent in March
Advertisement
Photo by Herald file
Gov. Deval Patrick
Related Articles
The Ticker
By Herald staff and wire reports
Financial fraud Former Plymouth financial adviser Stephen Clifford, 58, pleaded...
Gov. Deval Patrick coffers awash in pipe co. cash
By Hillary Chabot
Gov. Deval Patrick pocketed thousands for his re-election campaign from Barletta...
Dems? Grace Ross in signature scramble
By State House News Service
Democrat Grace Ross, who hopes to challenge Gov. Deval Patrick in September?s...
More on:
+ Deval Patrick + Assembly Square + Ikea
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Embattled Paul Levy bows out of graduation speech
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Plymouth man pleads guilty to fraud charges
Harvard business dean to focus on ?sense of purpose?
Meaning of ?Miracle?Advertisement
Contact us | Print advertising | Online advertising | Herald history | News tips | Electronic edition | Browser upgrade | Home delivery | Herald wireless
$ave on Boston Herald Home Delivery
Jobs with Herald Media
For back copy information and more information on other collectible copies please call 617-426-3000 Ext. 7714. Click here for Celtics, Patriots and Red Sox back copies
? Copyright by the Boston Herald and Herald Media.
No portion of BostonHerald.com or its content may be reproduced without the owner's written permission. Privacy Commitment
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