Boston Properties Seeks Millions in Tax Relief for 'Blighted' TD Garden Site

Source:  Business Journals

The Boston Redevelopment Authority is considering millions in tax concessions for the developers of the $1 billion mixed-use project slated to be built on a parking lot in front of the TD Garden. Boston Properties (NYSE: BXP) and Delaware North Cos. have filed an application for a Chapter 121A agreement, a vestige of urban renewal from the 1950s that allows developers to pay reduced taxes in exchange for building on what is dubbed a blighted area. The state law defines blight as a place ...

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