Community Benefits for the South Boston Neighborhood
Workforce Development and Educational Opportunities
- Starting with the first demolition permit and continuing during active construction, the project will offer apprenticeship and employment opportunities for city residents:
- Work with Mass Fallen Heroes, Veterans Edge (or comparable organizations) to promote construction trade job opportunities.
- Host an annual job fair to promote construction trade career opportunities to local high school students.
- Target at least 20% of project apprentices to be Building Pathways (or comparable organization) graduates.
- Work with the City of Boston to dedicate at least $100,000 of the linkage contribution to the Building Pathways program.
- Starting upon approval of the first Planned Development Area Development Plan and continuing for 10 years, four annual university level internships will be awarded, with two reserved for South Boston residents.
- Upon issuance of the first building permit for new construction, funding of a $1,000,000 scholarship endowment to be administered by the South Boston Sports Hall of Fame (or comparable organization) to provide annual college scholarships to South Boston residents.
- Approximately 2,500 construction jobs in a variety of trades.
- Approximately 1,500 permanent jobs related to commercial, hotel, retail, etc.
Community Connections and Business Opportunities
- Upon issuance of the Certificate of Occupancy for the first new building, funding of a $1,750,000 grant to Medal of Honor Park and Christopher Lee Playground, including $1,000,000 for capital improvements and a $750,000 endowment for ongoing activation, operations, and maintenance.
- First opportunity to lease 10% of retail space given to South Boston small businesses and other city- or state-certified disadvantaged small businesses with either free tenant fit-out or 25% discount to market rent.
- First opportunity to lease 10% of kiosks, push carts, or pop-up tents given to South Boston small businesses and other certified disadvantaged small businesses with free rent.
- Focused local efforts and an on-site office with dedicated community outreach staff to assist South Boston residents to learn about and apply for opportunities, including affordable housing, employment, small business contracting, and retail leasing.
- On-site childcare facility giving local providers first opportunity.
- Civic and cultural space available for neighborhood events in the Edison Turbine Halls.
Affordable and Workforce Housing
- Affordable units constructed on site:
- 16% of total rental units will be income and rent restricted, including 13% affordable units at 70% of the area median income (AMI) and an additional 3% middle-income units at 130% AMI.
- 16% percent of total homeownership units will be income and price restricted, including 6.5% affordable units at 80% AMI, 6.5% middle-income units at 100% AMI, and an additional 3% middle-income units at 150% AMI.
- Estimated $9.8 million in linkage payments for creation of off-site affordable housing (2021 linkage fees).
- Opening the site to the public for the first time in more than 120 years, including approximately 5.7 acres of open green space with a waterfront park, including decks, piers, and boardwalks.
- Active recreation areas, including a basketball court and at least one of the following: tennis court, playground, or other active recreation area.
- New bicycle paths, dedicated pedestrian streets, and active corridors to improve public access to and through the site.
- Preservation and adaptive reuse of four historic turbine halls.
Pedestrian Safety and Improvements
- New, wider sidewalks on both sides of East First St., including along the full length of the park and playground.
- Vision Zero pedestrian improvements at eight neighborhood intersections prioritized by the community.
- New on-site pedestrian corridors and bike paths.
Traffic and Transit Mitigation
- Approximately $11.2 million* for MBTA investments funded over 15 years to improve transit and traffic for City Point neighborhood.
- Improvements to traffic flow and MBTA bus frequency and reliability through smart signals and fiber optic connectivity along Summer Street and the L St. corridor between Drydock Ave. & East Broadway.
- Transportation Demand Management strategies and ongoing monitoring to measure traffic, transit, and parking impacts that will be used to adjust TDM measures.
- Bicycle accommodations following BTD guidelines.
* Includes inflation escalator
- 120 parking spaces available free of charge to South Boston residents on nights, weekends and during snow emergencies.
- One space per residential unit on site and waived rights to South Boston parking decals for apartment units.
- Short-term parking restrictions during daytime hours to support project retailers.
Environmental Remediation of the Site
- Environmental remediation to federal and state standards.
- Funding for a Licensed Site Professional representing the neighborhood to review the environmental remediation plans.
Additional Economic Benefits
- Estimated $1.8 million in linkage payments for job training.
- Estimated $11.6 million in annual tax revenue (2021 estimate).