Authorizes the conveyance of 21.55 acres of land from the Massachusetts Department of Transportation to the Fall River Redevelopment Authority.
The bill authorizes the Massachusetts Department of Transportation to convey 21.55 acres of vacant land in Fall River to the Fall River Redevelopment Authority for $1. The authority may use the land for residential, retail, commercial, restaurant, and other economic development purposes. The conveyance is subject to an independent appraisal and approval by the inspector general. Net proceeds from any future sales or leases of the land will be deposited in the Massachusetts Transportation Trust Fund.
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