Unemployment in Massachusetts fell to a jaw-dropping 3.6 percent in September, the lowest in more than 15 years, leaving little doubt the state has recovered from the Great Recession and its economy is steaming ahead.
The Federal Transit Administration remains “committed in principle” to funding the Green Line light rail extension into Medford and Somerville, but made clear it still has reservations about the MBTA’s embattled project, according to a letter obtained by the Globe.
In a letter sent last week to Transportation Secretary Stephanie Pollack, FTA regional administrator Mary Beth Mello said the federal agency still needs a “good deal of clarifying information” before signing off on the project and handing over nearly $1 billion in federal funding.
In January, around the time General Electric executives were ratifying the decision to move the conglomerate’s headquarters from Connecticut to Boston’s Seaport District, David Hurley was living in an Airbnb apartment rental in the same neighborhood. Hurley had landed some early funding from two Boston venture capital firms, and he had decided to move the headquarters of his startup from Raleigh, N.C., to Boston.
A little more than a month ago we dropped the news of the imminent arrival of the Residences @ One St. Clare, a brand-spanking-new conversion of an old schoolhouse in Medford into 18 condos. Developers Waypoint Companies and Entrepid Capital Partners have spent around three years on the project and are now ready to capitalize on the anemic condo inventory in Michael Bloomberg's natal city, not to mention the Thunderdome competition in other areas.