The company that won the bid to redevelop 18 highway service plazas in Massachusetts is dropping out of the project. In a statement Tuesday, Applegreen, a company founded in Ireland, said it was not able to reach an agreement with MassDOT. “After three months of good faith negotiations, Applegreen and MassDOT have not reached agreement on definitive terms for the …
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Applegreen drops out of Mass. highway service plaza deal
Applegreen, which is backed by private equity firm Blackstone, indicated in a brief statement on Tuesday that Waltham-based Global’s opposition played a role in the decision to back away at this time. “After three months of good faith negotiations, Applegreen and MassDOT have not reached agreement on definitive terms for the redevelopment of 18 motorway service areas in Massachusetts,” the …
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