Global Partners LP expressed extreme disappointment after the MassDOT Board decided to award the redevelopment of 18 highway service plazas to a different partner, Applegreen, a foreign-owned corporation. Global Partners' proposal offered over $1.5 billion in guaranteed rent to the Commonwealth over a 35-year term, significantly exceeding the recommended bidder's reported $28.4 million in 'revenue sharing' rent.
Global Partners' proposal also included $650 million in capital improvements and a vision centered on local partnerships, culinary diversity, and reinvestment in the community. The company, along with local non-profit CommonWealth Kitchen, urged the MassDOT Board to reconsider, advocating for a partner that reflects Massachusetts values and prioritizes long-term public interests.
This decision represents a substantial lost opportunity for Global Partners, impacting potential long-term revenue and its strategic presence in Massachusetts infrastructure. The company views this as a missed opportunity to invest in local businesses and community benefits.
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