Banker Raj Mara endorses $4M Ward Plaza project at Winchester City Council meeting

During the Winchester City Council meeting on April 22, 2025, a significant highlight emerged as Raj Mara, a banker from Trusted Bank, expressed strong support for the Ward Plaza development project. Mara detailed his bank's involvement in financing the project, including a $4 million loan to the Economic Development Authority (EDA) that facilitated the acquisition of Ward Plaza. He emphasized the project's potential benefits for the city and its residents, praising the collaboration between the EDA, the city, and the developers.

Mara's endorsement came as the council considered resolutions 25-16 and 25-17, which are crucial for advancing the Ward Plaza project into its development phase. His remarks underscored the importance of community partnerships in driving economic growth and revitalization in Winchester.

In addition to the discussion on Ward Plaza, the council also took a moment to honor the late John G.J. Russell III. A resolution of sorrow was presented, recognizing Russell's extensive contributions to the community, including his service as the City Commissioner of Revenue and his involvement in various local organizations. The council expressed its condolences to Russell's family, highlighting his legacy of public service and community engagement.

The meeting concluded with the approval of the consent agenda, paving the way for further discussions on the city's initiatives and projects. The council's focus on both economic development and community remembrance reflects a balanced approach to governance in Winchester.