October 10, 2017

State opens pipeline to more development money for cities like Worcester

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Mark Henderson/Worcester Sun

MassDevelopment bought the Money Stop building downtown in June. Now it's looking for a permanent owner.

The state is taking nominations from gateway cities interested in customized assistance, including real estate services, aimed at encouraging economic development activity with landowners and investors.

MassDevelopment on Tuesday announced the second round of its Transformative Development Initiative (TDI), with the goal of selecting four to six additional TDI districts. Ten TDI districts — in Worcester, Brockton, Haverhill, Holyoke, Lynn, New Bedford, Peabody, Pittsfield, Revere and Springfield — were selected in the first round.


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