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Grant, Mitigation Funds Will Help Pay for Arsenal Park Renovations, See Project Details
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A drawing of the proposed renovation for the eastern section of Arsenal Park, near the Arsenal Yards development. The Town Council will be asked to consider funding a $1.65 million renovation of a section of Arsenal Park, but the Town will get some help paying for the project from a grant and mitigation money from the next door Arsenal Yards project. The Town received a $200,000 Housing Choice Capital Grant, which will be applied to the first phase of the Arsenal Park project, along with $500,000 in mitigation funds paid by Arsenal Yards developers Boylston Properties, Town Manager Michael Driscoll said. He added the construction bids may come in lower due to the economic downturn caused by the COVID-19 outbreak, so the might be lower than the original $1.65 million budget. The Town Council voted unanimously to let Town officials put the project out to bid.