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Peabody council approves resolution accepting $65,000 MassDevelopment site‑readiness recoverable grant for Centennial Business Park
3788076 · June 12, 2025
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Summary
The council voted 9-0 to authorize a resolution accepting a $65,000 recoverable site-readiness grant from MassDevelopment for Centennial Business Park; the city must repay up to the disbursed grant amount if net proceeds from sale/lease exceed development costs.
The Peabody City Council on June 12 voted unanimously to adopt a resolution accepting a $65,000 site‑readiness recoverable grant from MassDevelopment to support a site assessment at Centennial Business Park.
Councilor Peach said MassDevelopment…
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