In 1996, the Commonwealth of Massachusetts established the Mystic Valley Development Commission (MVDC) to oversee the development of over 200 acres located within the communities of Malden, Medford and Everett along the Malden River. The project originally known as Telecom City is now called River’s Edge. The MVDC was given eminent domain powers and broad land use authority to encourage the redevelopment of the underutilized property.
The MVDC is comprised of the Mayors of the three cities and a designee from each City. The Governor serves as an ex-officio member.