Bill would let state commissioner change limits on Malden court site

If enacted, the state property commissioner could release or change the property’s use limits. This covers the former Malden District Court property at 89 Summer Street and its parking lot at 0 Summer Street. The limits reserve the property for nonprofit recreation, education, or community use, and related activities. The bill declares itself an emergency law intended to take effect immediately if enacted.

For other proposed sales or reuses, the commissioner would determine the payment with Malden’s mayor. This covers other proposed sales or reuses of the property. Net proceeds equal the third-party sale price minus the city’s $480,000 purchase price and costs tied to changing the limits and completing the sale or redevelopment. If net proceeds are negative, the Commonwealth would not have to pay the city. Any net proceeds must be paid to the Commonwealth when the property is later conveyed to a third party for development.