1. Springfield BID buys former Skyplex building at Stearns Square, borrows to renovate for an unnamed tenant

    Springfield BID buys former Skyplex building at Stearns Square, borrows to renovate for an unnamed tenant

    The Springfield Business Improvement District obtained more than $1.68 million in loans and grants from MassDevelopment last month to renovate the interior of the former Skyplex entertainment complex at 8-12 Stearns Square for an as-yet unnamed tenant. The BID also bought the 105-year-old building from MassDevelopment for the nominal fee of $100, also according to documents on file with the Hampden County Registry of Deeds.

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