MBTA Receiving Garage Bids at Beverly Depot

According to the Beverly Citizen, 5 proposals have been submitted to build a parking garage near the Beverly Depot. The state has committed about $18.5 million to the project, in addition to $3 million in Federal money another $4 million in support from the MBTA revenue from parking fees. The bids are not public at this point. 100 letters went out to property owners within 80 feet of the Depot asking them to submit plans showing a property with enough room for a 500 parking garage to include retail, office and residential space. The T wants to complete the sale by March 2009 and have the garage open by 2011.

Read the entire Beverly Citizen article.