FirmoGraphs keeps its clients up to date on capital plans of interest for long-term business development. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We recently processed the latest capital spending plan by the City of Boston, Massachusetts. Here are our observations.
In the CIP covering the 2024-2028 fiscal years, City of Boston, Massachusetts, detailed plans to spend $4.2 billion on capital projects, an increase of 15% from $3.6 billion in its 2023-2027 CIP. The current CIP has 433 line items, compared to 407 line items in the prior CIP. The table below breaks down City of Boston’s planned capital spending by business area for its last two CIPs.
*Numbers are Rounded
Most Significant Increase in Boston Public Schools, Centers for Youth and Families and Transportation Department
Planned spending in the Boston Public Schools increased by 31% or nearly $250 million. The increase goes to 10 new projects as well as ongoing projects. In addition, it is planned to invest in the Green New Deal, which will result in new school buildings and significant transformations, reconfigurations to align schools with K-6 /7-12 and K-8/9-12 pathways, and increased investments district-wide for all school buildings and communities. Despite fewer projects in the recent CIP, The Boston Centers for Youth and Families also increased by $129 million with funding towards ongoing projects. Additionally, the Transportation Department increased by 37% due to 9 new projects. This includes the Roxbury Resilient Transportation Corridors project, which entails planning and designing a transformation of three of Roxbury's central transportation corridors—Melnea Cass Blvd., Malcolm X Blvd., and Warren Street— into multimodal routes that center transit and active transportation.
Over $200 Million Programmed for Construction of Public School
Out of 433 line items, the City of Boston, Massachusetts, has two notable line items valued at more than $200 million and four at $100 million. The most significant line item is the Josiah Quincy Upper School construction under the Boston Public Schools Department, worth approximately $224 million. Listed below are the other notable line items:
- The North Washington Street Bridge - worth $223 million under the Public Works Department. This project aims to construct a new bridge to replace the existing structure.
- Sullivan Square / Rutherford Avenue - worth $171 million, under the Public Works Department. The project includes engineering and design services to provide for corridor-wide transportation improvements.
- 26 Court Street - worth $165 million, under the Property Management Department. The project includes renovating the building to improve the envelope, such as roof, new windows, and masonry repair and upgrading the interior.
- Renew Boston Trust Phase 3 - worth $122 million under the Environment Department.
- Long Island Bridge Replacement - worth $109 million, under the Public Works Department. This project involves designing and constructing a new bridge from Moon Island to Long Island and demolishing and removing the former bridge.
How FirmoGraphs Can Help
FirmoGraphs curates data about U.S. public sector markets, including capital plans, regulatory developments, and other critical information. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We’d be glad to meet with you and help your company sort through the wealth of information in capital plans and other publicly available documents. Feel free to request a meeting and review the data live on our Business Intelligence platform.