[CPEO-BIF] Worcester (MA) Gateway Park wins Phoenix and EDA awards

[bobh@np.craigslist.org]

Gateway Park takes two prestigious awards

Worcester Telegram and Gazette
11/28/07

The Gateway Park project in Worcester, which has become well-known in the region as
a model of urban redevelopment, now is getting well-deserved national recognition
as well.

As they were preparing to accept the U.S. Economic Development Administration?s
2007 Excellence in Economic Development Award at a ceremony scheduled for tomorrow,
they learned they also had won the prestigious Phoenix Award from the U.S.
Environmental Protection Agency and the International City Management
Administration.

The Phoenix Award must be especially gratifying for WPI and WBDC since it
recognizes the revitalization of blighted, contaminated areas for productive new
uses in each of the EPA?s 10 regions. Gateway Park was built on 12 acres of
reclaimed brownfields. When completed, the mixed-use project will have 750,000
square feet of educational, research, commercial, retail and residential space.

The EDA award focuses on job creation and the positive impact a project has on the
economy of a city, according to WBCD President David P. Forsberg. Gateway Park won
in the Urban or Suburban Economic Development category, chosen from among the many
projects that received EDA funding. While the EDA supplemented the private
investment money used to build the Gateway garage, the award actually recognizes
the project?s ability to create 2,000, mostly high-end jobs and the financial
impact those jobs will have on Worcester. The project also will return to the
city?s tax rolls some properties that have been off the books for more than 40
years.

For the entire article, see:
http://www.telegram.com/article/20071128/NEWS/711280343/1020

Bob Hersh
CPEO


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