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Boston Downtown Crossing Redevelopment Getting $7.8M in City Tax Breaks

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Now that Boston Mayor Thomas M. Menino is no longer sparring with the developers behind the former Filene's space project, he appears in a generous mood. Yesterday, the Mayor approved the mixed-use development for $7.8 million in tax incentives, to be spread out over a 13-year period, Boston.com reports. The tax incentive agreement will be presented to the Boston Redevelopment Authority (BRA) for approval on Sept. 26. Three years ago, Menino refused to give any tax incentives for the ...

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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