[CPEO-BIF] "NY developer gets nod for Telecom City project"

[CPEO Moderator <cpeo@cpeo.org>]

-For the complete article go to:
http://www.boston.com/mht/issue99/101199/lead3.html

MASS High Tech
The Journal of New England Technology
-From Page 3 of the Oct. 11-17, 1999 issue of Mass High Tech

NY developer gets nod for Telecom City project
By Kate Munro staff writer KMunro@MassHighTech.com 

(snippets)

The Mystic Valley Development Commission has chosen a New York developer
to create TeleCom City, the technology park planned for a 200-acre
brownfields site in Malden, Everett, and Medford.

Preotle (,Lane & Associates of New York) plans to create a suburban
development on land that abuts the Malden River in the three cities, with a
large park, walkways and a parking garage near the water. In the old
industrial areas that span the the three cities, the company will renovate
buildings and construct new ones to attract telecommunications companies.

Much of the land surrounding the river in the three cities has been either
abandoned because of contamination, used by small businesses and
warehouses, or not used at all because of liability fears. The area was
once occupied by companies such as General Electric, Allied Chemical,
Converse, Solvent Chemical, AVCO and Louis Candy. The land is not
considered a “Superfund” site, but spots of it have serious contamination
that need to be cleaned, according to the Mystic Valley Development
Commission.

Medford Mayor Michael McGlynn said Preotle was chosen because its master
plan calls for 75 acres of open space; its mission to attract
telecommunications companies; sensitivity to surrounding neighborhood
groups worried by the development; and the strong financial backing of the
partners.

The Mystic Valley Development Commission is made up of the three city’s
mayors and private citizens. The commission members who voted on the master
developer include: Malden Mayor Howard, Medford Mayor McGlynn, Everett
Mayor David Ragucci, Malden’s designee, Henry Gennetti, Everett’s designee,
Joseph Hickey, and Medford’s designee, Robert Surabian. 

http://www.boston.com/mht/issue99/101199/lead3.html


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