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Supermarket chain, ad agency to get the tax breaks for moving into luxury tower downtown
By adamg on Tue, 09/17/2013 - 2:40pm
The Herald reports Roche Bros. will open a luxostore (ed. note: Sounds like the West Roxbury store, only without all the boring bread and soda aisles) and that Arnold Worldwide will take a chunk of the office space in the skyscraper for which ground was formally broken today.
No word if Walgreens will get a retroactive tax break for opening a luxostore down the street or if the Roche Bros. will have workers push shoppers' carts to their condos and dorm rooms.
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Comments
But it's different!
Love that the new developer is getting the tax break that the old developer said it was waiting for before it would start construction.
And the new developer gets to build a taller building!
http://www.bizjournals.com/boston/real_estate/2013...
That link is frightening
And everything that's wrong with how development gets done in this town - the Wizard behind the curtains pulls the strings - except he doesn't hide behind curtains - he just cuts ribbons.
Also
He likes to take leadership in looking into the failures of his own administration. No accountability.
Actually, the tax breaks are
Actually, the tax breaks are for the tenants.
If you read the article, it specifically says the breaks are for the portion of the tax the tenants are paying - the developer and the future tenants of the residential tower don't get any of the breaks. This is because without these two tenants, this project wouldn't be going forward.
The breaks were also withheld from the original developer because he had been publicly stating that the best way to get tax breaks on a project is to let the project sit abandoned - not saying that was happening here but I'd be pissed if they got tax breaks after that!
Not taking sides, just read the whole article.
Luxostore?? If it involves
Luxostore?? If it involves grocery shopping and my doing said shopping it cannot be called "luxo" anything.
Let me add that if I still
Let me add that if I still worked in downtown, I would have LOVED this store. It's really hard to say that there's a grocery store that's conveniently on the way home to JP.
ugh
*double facepalm*
more tax breaks.. why doesn't the city just give away the building? /sarcasm
Seriously.. enough is enough.
These are the same ones
These are the same ones discussed in the Globe article from this morning.
Liberty Mutual
I believe the "more" refers to the infamous Liberty Mutual headquarters stand off, in which the city caved in on, and made most ironic when, recently, Liberty Mutual decided its employees should all become indentured servants because it needed even more free money.
OP had he same reaction to
OP had he same reaction to the initial post last night about the Filenes deal. I simply assumed he was reacting to this as if it were a new set of breaks.
Yes I was
Sorry./. I see tax breaks and I do a *facepalm*
Liberty Mutual fix was in back in 2009
Think there wasn't something fishy in the Liberty Mutual deal? The company bought the land for their new building in 2009 - there was no way they weren't going to build on it - yet, they said in 2010 they couldn't build without the tax break. Ridiculous.
How do you know the fix was in? Look at the records. Suffolk Deeds shows the property was purchased on July 2, 2009.
Ta-da! Within a matter of weeks, a dozen executives (including CEO Ted Kelly) contributed to the "Menino for mayor" fund.
Executives that 1) don't live in Boston; and, 2) hadn't before and haven't since made any similar contributions.