Charlestown Navy Yard Update: Executive Summary

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Constitution moored nearby.
Presently, the New England Historic Seaport has been given a license from the BRA to dock the Spirit of Massachusetts, a hand-built wooden replica of a turn-of-the-century fishing vessel, and the Nantucket light ship at Pier 3.
NEHS sponsors sea education programs for young people, sail training cruises on the Spirit, and a maritime history program for local teachers. With the rehabilitation of Pier 3, which needs substantial structural work, such pro- grams could be
... greatly expanded.
CNY1/H/062586/6 V, INVESTMENT 88.1 80.3 Over $241 million has been invested in or is committed to the revitalized Charlestown Navy Yard for current projects. The relatively large investment of 1982 represents the initial investment by Immobiliare in Constitution Quarters, Building 42. During 1982 and 1983, a period of low investment, the BRA supervised the construction of public improvements which stimulated the investment of later years. The larger investments of the middle years represents the building of the Historic Monument Transfer Area and the continued investment by Immobiliare New England in the New Development Area.


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