Moderna wants to buy Marlborough site

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Moderna wants to buy Marlborough site
Moderna is in the process of purchasing 149 Hayes Memorial Drive. (Photo/Maureen Sullivan)

MARLBOROUGH – Moderna wants to move to Marlborough.

The biotech company is in the process of obtaining 149 Hayes Memorial Drive. It’s also in the process of negotiating a tax increment financing agreement with the city.

According to a letter to the City Council dated April 20, Mayor Arthur Vigeant said Moderna plans to purchase 149 Hayes Memorial Drive, a 24-acre parcel of land with an empty bio manufacturing facility on site.

Moderna wants to use the building for manufacturing and office space; it wishes to build an additional 60,000 square feet.

According to Vigeant, Moderna will create “a minimum of 200 permanent, full-time jobs available to qualified Marlborough residents” at this facility over a three-year period.

Under the agreement, Moderna would receive a 100% exemption from real property taxes for the first four years (2024-27). The exemption would go down to 90% the following two years, 80% for two years after and so on until it goes to 5% in 2043.

The exemption would not apply to personal property taxes. The company would also be subject to motor vehicle excise taxes and water/sewer fees.

Moderna’s headquarters is in Cambridge; it has a clinical manufacturing and process development facility in Norwood; and clean room space in Burlington.

During its Monday, April 24, meeting, the City Council voted to move the proposed agreement to its Finance Committee.

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