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Developer seeks state brownfield funding and nonprofit partners for Lakeville State Hospital redevelopment
Summary
Rhino Capital updated the Lakeville Select Board on efforts to secure MassDevelopment Brownfields funding and other state resources to remediate the former state hospital site, noting the landfill parcel and remediation costs as primary hurdles.
Rhino Capital told the Lakeville Select Board on April 28 that the redevelopment plan for the former Lakeville State Hospital remains financially constrained by cleanup costs and a landfill on the property, and the developer is pursuing state remediation funding and nonprofit partnerships to move the project forward.
John O’Leary of Rhino Capital summarized the three-part master plan submitted previously: a 90‑unit senior living campus near Main Street (assisted living, independent living and memory care), a 200‑unit multifamily project permitted under Chapter 40B, and a 68‑unit active‑adult cottage community with a clubhouse. Rhino proposes a wastewater…
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