MA: 99-Year Lease Authorized by MBTA for Railroad Right-Of-Ways

The MBTA board of directors announced that it has authorized a 99-year lease with Newton and the towns of Dover, Medfield and Needham for a portion of an abandoned railroad right-of-way in order to use it as a rail trail.

Approximately 9.1 miles of a new trail development known as the Bay Colony Rail Trail is represented by the combined leases.

For all maintenance and liability, the communities will be responsible. To local communities, the lease is available at no cost, but MBTA reserves the right to enter into licenses or leases with utility and telecommunication companies in order to generate non-fare revenue.

A reversion clause is included in the lease which allows the MBTA to take back the property at no cost. To date, the MBTA has entered into leases with 30 other municipalities, which has resulted in more than 100 miles of new or planned trails.

These lease agreements promote the Commonwealth s GreenDOT policy of fostering healthy transportation choices, provide links to transit, and connect residential areas with schools and employments centers, added MBTA General Manager Jonathan Davis.

A safe and convenient link will also be provided by the trail to the MBTA s Needham Junction commuter rail station.

Copyright 2008 LexisNexis, a division of Reed Elsevier Inc. All rights reserved.
Terms and Conditions | Privacy Policy

Loading