Public & Private Sector Development!

- Feb 14, 2010

Three cheers to the Boston Redevelopment Authority and Liberty Mutual
Insurance on the major recently announced proprty expansion. The firm will invest $300 million in the construction of a 585,000SF new office tower and will add 600 jobs.

The City of Boston is providing them with $16 million in a property tax break and in exchange the city will nect $50 million in property taxes over the next 20 years.

This is positive municipal economic development at work! The community and the firm wins but the biggest winner is the entire community.

Bill McInerney
Economic Development Consultant
(617) 816-3933