City of Revere City Council Minutes 2026-06-22
Council Approves 20-Year PILOT With Revolution Storage
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Description
Revere’s City Council approved a 20‑year PILOT agreement with Revolution Storage, LLC for a proposed battery energy storage facility at 0 Muzzy Street, projected to yield about $1.6 million in annual payments. The agreement locks in long-term tax-equivalent revenues as part of a broader $43 million benefit package for the city.
Contract Details
Contract Amount
Approximately $1.6 million annually in PILOT payments (included in $43 million total over 20 years)
Vendor
REVOLUTION STORAGE LLC
Agency
Revere School District, MA
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
Contract Term
20 years
Renewal Info
20-year fixed term; no explicit renewal or extension terms are detailed in the minutes.
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