New Markets Tax Credit Coalition

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The Charles River Speedway Rehab

The redevelopment of the old racetrack at Western Avenue and Soldiers Field Road.

Investment

  • NMTC Amount: $7,350,000
  • Total Project Cost: $13,370,000

IMPACT

  • 35 FTE jobs
  • 67 construction jobs
  • 25,000 sq. ft. of real estate

Investor

Project Description

The redevelopment of the old racetrack at Western Avenue and Soldiers Field Road will include a Notch Brewery outpost. The most prominent feature of the multifaceted project—dubbed the Speedway—will be an outpost of the Salem-based Notch Brewery, including a taproom. Altogether, the Speedway is expected to have 17,000 sq. ft. for smaller retailers, artisans, food vendors, and one full-service restaurant.

The sq. ft. is also expected to host event and community space. All of this is due to center around an 8,000 sq. ft. courtyard with seating

MAP

Address: 525 Western Avenue, Brighton, MA 2135

Census Tract: 25025000100

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