Gateway Cities Bid for Self-Reliance
In the Gateway Cities, self-funded business improvement districts are picking up the slack to keep downtown areas fresh after weathering the pandemic.
Springfield Ties Future to Gaming
The MGM casino revitalized an area of the city heavily damaged in a 2011 tornado. It’s now generating millions of dollars in taxes and thousands of permanent jobs.
MAP: Springfield Saw Most-Single Family Home Sales in September
For the second straight month, Springfield saw the most single-family home sales in all of Massachusetts.
Springfield Was the Hottest Market in Nation in July
The Springfield, Massachusetts area was the hottest housing market in the nation in July, according to Realtor.com.
Hot Property: ThirtyOne Elm
A historic former office building, hotel and theater originally constructed in 1892, downtown Springfield’s 13-31 Elm St. fell into disrepair and vacancy for the past three decades.
East-West Rail Starts Slow Buildup to Two Daily Trains by 2029
Before the end of the decade, commuters should be able to zip from Boston through Springfield and all the way up past Albany twice a day via rail. That is, if plans for the West-East Rail expansion chug along smoothly.
Country Bank Plans Springfield Branch by 2025
Ware-based Country Bank is planning to put up a branch in Springfield by 2025 to establish a physical presence there amid growth opportunities and intensifying competition in the Western Massachusetts market.
State Looks to Buy Springfield Land for New Courthouse
State officials are asking Springfield landowners to pitch them on locations for a new courthouse complex for that city.
Liberty Bank Opens New Loan Office in Springfield
Connecticut-based Liberty Bank recently opened a new loan office in Springfield, and is set to open a full-size branch in East Longmeadow “later this fall” as it chases what it believes is strong growth potential in the Western Massachusetts market.
East-West Rail Lands $108M in Federal Funding
A long-proposed project to link Boston and Springfield with frequent, regular passenger train service now has money for infrastructure improvements that can pave the way for a future East-West Rail passenger train line.
300 Percent Growth in Three Years
New Valley Bank President and CEO Jeffrey Sullivan has guided his four-year-old institution through explosive growth, in part thanks to an early marketing boost from PPP lending and in part from embracing the Pioneer Valley’s growing cohort of highly diverse entrepreneurs.
What Glitters Hasn’t Turned Out to Be Gold in Springfield
MGM’s casino is employing only half the workers it promised, and concerns about crime and complaints about amenities that have stayed shuttered post-pandemic raise questions about its future.
Regional Transit Riders Deserve Their Fair Share
It is essential that this new source of revenue be used to strengthen transportation infrastructure, and RTAs are key in realizing a robust transit system that delivers for all residents.
MassDevelopment Banks on Gateway Cities
As MassDevelopment looks to more aggressively embrace and utilize our land banking authority across Massachusetts for the benefit of residents and businesses, recent projects in Gateway Cities demonstrate our ability to reposition challenging properties.
Hot Property: 1550 Main St.
A pair of developers acquired a former federal courthouse-turned-office building in downtown Springfield from MassDevelopment for $6 million.
Baker Hits the Rails to Boost Boston-Springfield Train
Gov. Charlie Baker pledged to use his remaining time in office to put the long-discussed East-West Rail expansion project in position to benefit from the new federal infrastructure law, despite a partial setback on Beacon Hill.
Agreement Reached To Advance East-West Rail
Federal and state officials on Tuesday agreed on a path forward to extend passenger rail service west of Worcester to the cities of Springfield and Pittsfield, an effort designed to finally connect the eastern and western parts of the state by rail.
Neal High On East-West Rail Prospects
A passenger rail link between Boston and western Massachusetts is “one of the most essential infrastructure investments we anticipate making” now that a federal infrastructure package has been signed into law, Congressman Richard Neal said Thursday.s
Major Renovations at 300-Unit Springfield Complex Financed
Bonds from MassDevelopment worth $39 million are set to finance major renovations at a 346-unit Springfield apartment complex, and help convert dozens of market-rate units in the building to affordable housing.
Has Mass. Lost Its Casino Bet?
The two large resort-style casinos won approval from state regulators in no small part due to their perceived potential to be engines of economic development. A new study throws doubt on that hope.
