Somerville Transportation Equity Partnership (STEP)

October 17, 2006

Assembly Square settlement means progress on Orange Line stop

IKEA, developer Federal Realty Investment Trust, and the Mystic View Task Force signed an agreement aimed at creating a transit-oriented, mixed-use development in and around Assembly Square. Federal Realty and IKEA promised $15 million towards an Orange Line stop. In addition, $25 million from the federal government has already been earmarked for the station, which is expected to cost $40 million.

Boston Globe: "Pact could end row over project near Assembly Square"
Somerville Journal: "'Finally,' agreement over Assembly Square"