Tuesday, January 12, 2010

South Station Expansion

Last week there were a couple of articles in the Globe about a proposed expansion of the commuter rail facilities at South Station. The first article described the collapse of the initial deal involving the Postal Service, MBTA, and a private developer that was going to develop the property and allow the MBTA to expand with 5 more tracks and platforms at South Station to relieve congestion. The next day, another article was published saying that the T was now thinking about purchasing the entire 15 acre site and adding as many as 11 additional tracks to South Station. The major concern is that with the private developer dropping out, the MBTA, already $4 billion in debt, may not be able to secure the financing to make the deal work.

The MBTA can't afford not to make the deal the work. As the articles point out, next year commuter rail service is scheduled to be expanded to Worcester now that the state has worked out a deal to purchase the tracks from CSX that run between the state's two largest cities. Additionally, the long-proposed South Coast commuter rail expansion to New Bedford and Fall River is slated to occur in 2015 or 2016. Add to that anticipated increases in ridership on other commuter rail lines and on Amtrak in the Northeast and there is certainly a need to expand Boston's busiest rail station. Located in downtown Boston, there is certainly limited room adjacent to South Station so an opportunity to pick up prime real estate such as this should be seen as a 'once in a lifetime' opportunity and the state and MBTA should make all efforts to complete the deal. David D'Alessandro, who recently completed a top to bottom financial review of the troubled agency stated in the Globe that the T still has certain assets that it could sell to possibly finance such a purchase. In addition, development of the rest of the property could easily pay for some of the up front costs. This is more than just a nice opportunity for the T, it is an essential expansion project if sustainable rail travel is going to be allowed to continue to grow in the Boston area and throughout the Northeast.

Thursday, January 7, 2010

Groupon

So as my friends already know and I am coming to realize, I have become a little obsessed with Groupon. Basically, each day a new deal (or two!) is announced for given cities that if enough buy in on it, everyone gets the deal. You can check out the Boston deals here. A lot of the recent deals have been for restaurants, including a couple of my local favorites (Red Bones, The Middle East). It is certainly a good way to get a deal and try out some places you might not have otherwise gone to.