Worcester Redevelopment Authority 03/19/2026

The City of Worcester's Redevelopment Authority held a meeting on March 19, 2026, focusing primarily on the redevelopment and site preparation of the Denome building. Key procurement-related discussions included the strategy to undertake abatement and demolition of the building before private sector redevelopment, with an estimated cost of approximately $7 million. The Authority reviewed various federal and state funding sources, including a secured $500,000 grant from MassDevelopment's Site Readiness Program and potential EPA brownfields grants and loans, to cover these costs. The Authority also discussed the terms of the land disposition agreement with the McKiti Group, the current redevelopment partner, including a $7,500 monthly non-refundable deposit tied to their exclusivity and the need to clarify site conditions post-demolition. The group debated whether to proceed with McKiti Group under an amended agreement or to resolicit bids, weighing risks and timelines. Additionally, the Authority addressed the upcoming lease renewal with Greyhound for bus slip operations, aiming for continuity before the July lease expiration. The meeting concluded with approval to execute the MassDevelopment grant contract and plans for a follow-up meeting in early April to further discuss the Denome project.