Property Sale & Redevelopment - DPWP Central Garage Properties / E.D.

The City of Worcester is selling three parcels (≈ 4.33 acres) that currently house the Central Garage and an adjacent municipal gas station. The buyer‑developer must acquire the land “as‑is,” relocate the Central Garage operations, and submit a mixed‑use redevelopment plan that aligns with the Urban Land Institute Technical Assistance Panel recommendations, local zoning (BG‑2.0) and inclusionary‑zoning requirements. No City funding is permitted; the buyer must be financially self‑sufficient and capable of completing the redevelopment within 36‑48 months. • Sale of three contiguous parcels (≈ 62,000 sf actual size) with existing structures totaling ~78,903 sf. • Required deliverables: Letter of Interest, sealed price proposal, and multiple statutory appendices (non‑collusion, tax compliance, entity disclosures, real‑property disclosure, draft Terms of Conveyance). • Evaluation criteria focus on property reuse, economic impact, development schedule, and financial/performance capacity, with preference for rapid, self‑funded, mixed‑use projects.