Boston’s mass transit agency is having a garage sale.
The Massachusetts Bay Transportation Authority (MBTA), the city’s bus, subway and commuter rail operator, is inviting bids for a parking garage near North Station, one of its major transportation hubs.
MBTA North Station Garage:
The North Station parking garage contains give levels of parking that provides approximately 1,275 parking spaces across 663,163 square feet of space.
The garage sale makes the MBTA at least the second major transit agency to consider off-loading some of its non-transportation assets to private investors. New Jersey Transit, the New Jersey-owned commuter rail operator, is currently in the process of leasing more than 100 parking facilities near its bus and rail lines to private investors. Financial close on that deal is expected later this year or early next year.
The MBTA will host a pre-bid conference for the North Station Garage on 1 June, according to the bid invitation. Bids will be due 27 July at 1pm Boston time.