« previous next »
Pages: [1]   Go Down

Author Topic: Massive mixed-use Newton development near Riverside MBTA stop on hold  (Read 441 times)

0 Members and 1 Guest are viewing this topic.

Offline DefiantMassRINO

  • Hero Member
  • *****
  • Posts: 11,296
  • Gender: Male
Massive mixed-use Newton development near Riverside MBTA stop on hold
« on: December 06, 2022, 02:35:50 pm »
The Fed's monetary policies are already showing effect.

Republicans need to fight against the Fed's war against the working and middle classes, and to fight against Biden's policies that constrain supply.

https://www.boston.com/real-estate/real-estate/2022/12/06/massive-mixed-use-newton-development-near-riverside-mbta-stop-on-hold/?p1=hp_secondary
Massive mixed-use Newton development near Riverside MBTA stop on hold
Construction costs and interest rates are to blame, the developer says.
By Christopher Gavin   
December 6, 2022 | 11:52 AM

A sprawling, approximately 1 million-square-foot mixed-use development slated to transform the area around Newton’s Riverside MBTA station is on hold as construction costs and interest rates rise.

Mark Development, the local firm behind the project alongside Alexandria Real Estate Equities Inc., told the Riverside Liaison Committee last month rising price tags — including a 25 percent jump in construction costs — prompted it to put the development “on hold,” a report from the committee says....
Logged
"Political correctness is a doctrine fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it’s entirely possible to pick up a turd by the clean end." - Alan Simpson, Frontline Video Interview

Offline catfish1957

  • The Conservative Carp Rapscallion of Brieferville
  • Moderator
  • *****
  • Posts: 25,277
  • Gender: Male
Re: Massive mixed-use Newton development near Riverside MBTA stop on hold
« Reply #1 on: December 07, 2022, 06:57:34 am »
Just another example of left wing infliction of invoking the laws of unintended consequences.

When the Fed's get burnt by their own mismanagment?  Worth the price of admission.   :silly:

Sorry for letting my hatred of our government enter into the equation.
Logged
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.
Pages: [1]   Go Up
« previous next »