Worcester Business Journal

Collaborating manufacturers 8 Central Mass. manufacturers lay out the benefits of partnerships. WBJ >> To Subscribe Central Massachusetts' Source for Business News May 9, 2016 Volume 27 Number 10 www.wbjournal.com $2.00 Shop Talk 7 Q&A with Mary T. Dean, CIO and senior vice president of Clinton Savings Bank E minent domain. Those might as well have been the only two words in the 184-page Urban Redevelopment Plan when it comes to the message of the document released in April by the Worcester Redevelopment Authority (WRA). In that plan, 24 properties were singled out amid a 118-acre redevelopment 12 WBJ honors 10 Central Massachusetts family firms who excel at balancing values and competition. area to be taken away from their owners if movement is not made on the parcels. Eminent domain is the most extreme measure the city can bring to the negotiat- ing table, potentially seizing land to sell to private developers, and is something city officials say they are willing to pull the trigger on, even though costs this time may run more than $100 million. "At the end of the day we have made a Worcester officials are anxious to wield their eminent domain power to transform $100 million worth of properties into better use Mass. banking on natural gas, renewables to replace retiring plants A s several thousand megawatts on the New England electric grid prepare to retire, Massachusetts officials are looking to natural gas, hydropower and wind to replace retiring generation and to power the common- wealth going forward. At least 4,200 megawatts of non-gas generating capacity across the region are scheduled to retire over the next few years, according to ISO New England, the region's grid operator, and an addi- tional 6,000 megawatts from gas- and oil-fired generators are considered at risk for closure. New England is looking at a possible loss of 30 percent of its energy resources over the next four years, according to ISO-New England. The majority of the scheduled clo- sures are for plants generating fuel with coal or oil, which get most of their use during high-demand periods when nat- ural gas transmission is stretched thin and needs backup in order to keep the power on. Pilgrim Nuclear Power Station >> Continued on page 10 Hydro-Quebec 's dams in Canada could contribute significant power to Massachusetts if New England finds a way to transmit it south. BY LAURA FINALDI Worcester Business Journal Staff Writer P H O T O / N A T H A N F I S K E P H O T O G R A P Y ; W O R C E S T E R B U S I N E S S J O U R N A L I L L U S T R A T I O N Eminently Serious FAMILY BUSINESS A W A R D S C E N T R A L M A S S . 2016 >> Continued on page 23 BY SAM BONACCI Worcester Business Journal Digital Editor Joseph Donovan (above), vice president of the company that owns the Paris Cinema that Worcester has slated for possible eminent domain, stands across the street from the theater while the firm's plan for mixed-use retail and apartments are overlayed on the existing structure. With these plans for improvements, Donovan hopes the city will let the existing property owner keep the parcel for eventual redevelopment.

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