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April 2021 is not that far away
$90,000,000 in developments
Think about that 90 million over the next 20 months
From page 4:
The Agreement with Madison Downtown Holdings, LLC Madison Downtown Properties, LLC (“Madison”) is purchasing the Wyman Gordon properties that comprise the development parcels and the site for the ballpark. The development program outlined in the enclosed LOI between Madison and the City would not exist but for the Ballclub relocating to Worcester and the City’s construction of the ballpark would not be possible without Madison’s commitment to the development program, which is planned for two phases. Madison is committing to construct and have the phase 1 development online simultaneously with the opening of the ballpark.
Based on construction costs, Phase 1 consists of $90 Million and approximately: 450,000 square feet of development:
$40M - 2 hotels; approximately 250 rooms in total
$40M – residential; 250 market rate apartments
$10M - ~65k SF of retail
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