What happened after Cambridge/Hacker?
The South Worcester Neighborhood Center decided to move on to the former City Builders site, which is roughly bounded by Southgate/Grand/Armory Street. For years it was a good business in the area that probably employed 10-15 employees, went out of business about 5-7 years and was bought by a private party, who rented out various parts of the property. I can honestly say it was underutilized and did not look good to the passerby. In other words, when the site was brought up as a potential development site even with Cambridge/Hacker on the table, I listened.
During the Spring/Summer of 2006, it was presented to board that we could buy this parcel for $495,000. My first reaction was this was "way too much money". I was told, however, that we could buy this parcel with a grant, not a loan, from the Commonwealth of Massashusettts from an organization called CEDAC.
We could in essence take control of this property for free, so I voted for the purchase. How could we lose?
Part 8: When a Grant becomes a loan.
DOVER AMENDMENT -
18 hours ago