Word: projects
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Dates: during 1980-1989
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Although the plan still requires the formal recommendation of the Cambridge City Council, Central Square is already undergoing urban revitalization. The two most visible improvements are the renovation of the Central Square T Station and the Central Square Enhancement Project...
...widened the sidewalk, greened the traffic island, and placed a park where a gas station used to be," Woodbury says. Also, the city contributed to a newly opened housing project in the area which will provide a home for middle and lower income families, she adds...
Despite some store-owner skepticism, the majority of the Cambridge City Council remains optimistic about the square's future. The council is in the final stages of rezoning part of the square to allow for MIT's University Park development, a $250 million project on the 27 acres adjacent to the square's fire station...
Plans currently call for a 400-unit housing project along with the construction of classrooms, parks, high rise offices, and a 350-room hotel, according to Walter Milne, MIT's assistant to the president. "The project is expected to provide Cambridge with $50 million in tax revenues over a ten year period," says Cambridge City Councillor William Walsh, who voted with the six-to-one majority on a preliminary rezoning proposition...
...Milne says that the costs of road improvements will be split equally between the institute, the city, and the project's developers, Forest City Enterprises of Cleveland. Final approval for the rezoning is expected at tonight's city council meeting...