Council to vote on $4.6M Fenway Center tax break

Written By Unknown on Selasa, 20 Mei 2014 | 18.39

Boston city councilors are set to decide tomorrow whether to approve a 
$4.6 million tax break for the Fenway Center development straddling the Massachusetts Turnpike — even as state officials have yet to approve the project over concerns about its financing.

"We need proof that the deal will be financed and we're not going to have to worry about financial issues midway through construction," said MassDOT spokeswoman Cyndi Roy, who added the agency has extended multiple deadlines for the project. "We want to get this done. ... But we want these last remaining issues worked out before we can complete the deal."

The long-stalled but 
recently revived project is now moving along two different tracks. In April, the BRA already signed off on the tax break that is expected to be moved out of a City Council subcommittee tomorrow just before the full council vote, according to City Councilor Salvatore LaMattina.

MassDOT, meanwhile, is also in negotiations with project developer John Rosenthal of Meredith Management over terms for the air rights over the Pike, according to Roy.

LaMattina said he expects wide council support tomorrow and touted the 1,800 construction jobs the project is expected to bring. He said he doesn't have the same concerns MassDOT has about project funding.

"I would hope DOT would approve this," said LaMattina. "I'll be glad to, if I have to, reach out to DOT to approve it and say it's a good project for the city."

Rosenthal did not return messages seeking comment yesterday.

The $550 million Fenway Center project had been held up for three years over an ultimately unsuccessful lawsuit brought by an abutter, represented in court by attorney Jane Willis of Ropes & Gray — the wife of MassDOT Secretary Richard Davey.

Davey disclosed the conflict of interest and has recused himself from the negotiations, which are being conducted by Jeffrey Simon, MassDOT's assistant secretary for real estate, said Roy.

The project will feature 550 apartments as well as commercial space, parking and essentially cover the Pike section that runs from Brookline Avenue to Beacon Street.

It's expected to generate $5.7 million a year in tax revenue, city officials said.

Richard Weir contributed to this report.


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