BANKER & TRADESMAN – The Marlborough Economic Development Corporation (MEDC) yesterday announced plans to make substantial zoning changes in Marlborough to spur economic growth in the downtown area.
The announcement comes after the release of a detailed report, “Coordinating Action in Downtown Marlborough,” compiled by a Technical Assistance Panel (TAP) from the Urban Land Institute (ULI) Boston, which outlines strategies for the redevelopment and revitalization of Marlborough’s downtown area.
The panel’s key recommendations to transform the Marlborough’s downtown area included:
- Changing zoning and parking regulations in the downtown area to attract new development and encourage commercial growth.
- Implementing various physical improvements along Main Street, Granger Boulevard and the Assabet River Rail Trail to create a vibrant, convenient and inviting downtown district for residents and visitors.
- Making use of creative financing to incentivize redevelopment initiatives;
- Encouraging adaptive reuse projects to revive currently vacant historic downtown buildings.
- Creating a local transportation network to ease access to the downtown area for residents and employees living and working outside the downtown core.
MEDC Executive Director Tim Cummings says his organization will aim to begin enacting those changes as early as May.
Marlborough is the seventh city throughout the commonwealth where ULI Boston and MassDevelopment have partnered to support TAPs to encourage sustainable redevelopment.
This story was originally published here.