Involved Parties/Interest Groups
South Worcester Neighborhood Improvement Corporation and the
The South Worcester Industrial Park (SWIP) is an 11-acre brownfield site. The City currently owns approximately 8 acres within the redevelopment area. Past uses at the site include foundry, cast metal manufacturing, textile machinery manufacturing and auto salvage, which contributed to the environmental contamination at the site. The SWIP project consists of infrastructure improvements, demolition and environmental remediation to create pad-ready parcels for light manufacturing, industrial and commercial use. Located one-half of a mile from the
The goals for the SWIP project are to create new development sites, eliminate blight, promote sustainable development, create employment opportunities and business growth and increase tax revenue. Upon the completion of the final pre-development activities, up to six new development parcels will be available for disposition and development, which could generate approximately 180,000 square feet of new industrial and commercial space.
Demolition and Road Construction: The infrastructure improvements and demolition of the buildings located at 65 Armory Street, 17 Southgate Street and 25 Southgate Street have been completed.
Environmental Remediation: The Division of Business & Community Development procured Tighe & Bond to complete environmental site assessments and surveys of remaining structures within SWIP. This work is being funded by the US Environmental Protection Agency (EPA) through its Brownfields Assessment, Revolving Loan and Cleanup Program and MassDevelopment. Important environmental investigations, remediation work and necessary demolition have been completed.
Tax Increment Financing (TIF): On April 2, 2013, the City Council approved a local property tax exemption schedule to incentivize redevelopment. The level of exemption is dependent upon the size of the building to be constructed and number of jobs to be created. Exemption percentages on the incremental taxes range from 40% to 80% for a length of time ranging from 10 to 20 years.
Economic Development Plan: On April 29, 2014 the City Council approved an Economic Development Plan for the area. This plan, which prioritizes the area for redevelopment, enables the administration to engage in direct negotiation for the land disposition. The terms of conveyance will be submitted to the City Council for final approval.
Property Disposition: The City-Owned Parcels are now available for purchase and development. The land is being brokered by Glickman Kovago & Company.