U.S. Rep. Edward J. Markey, who has boasted in his U.S. Senate campaign about bringing high-tech jobs to Massachusetts, backed one of the biggest telecom busts in his own hometown, funneling $35 million in taxpayer dough to a 17-year project that’s failed to create a single Internet job.
The planned Telecom City — re-named Rivers Edge after the site failed to become a dot com boomtown — was supposed to attract at least 7,500 high-tech jobs. The 200-acre site that straddles Malden, Medford and Everett instead has produced only 300 jobs so far, none of which are in the telecom industry.
“It turned out unfortunately not to be the telecom park that we hoped for,” admitted state Rep. Paul Donato (D-Medford), a Markey supporter who represents the three host communities. “I think everyone is disappointed that the initial idea didn’t come to fruition.”