Agreement to Provide South Boston with Lion's Share of Waterfront Benefits Changed

BOSTON-The city has promised to more equitably distribute the millions of dollars generated by the development of the waterfront here. This comes nearly three years after an agreement was reached that gave South Boston the majority of those benefits.

Mayor Thomas M. Menino did not return calls by press time but he is quoted as saying that he had originally brokered the agreement with South Boston to help that community preserve its identity and because he wanted its support for his plans to develop the waterfront, especially the convention center. The deal came to light this past spring when it was reported that South Boston, through the South Boston Betterment Trust, could get as much as $65 million from the agreement.

Menino had promised the Betterment Trust the majority of payments that developers are required to give to the city’s linkage program to benefit the community. Developers are required to give these payments to compensate for the disruption caused by their development. In exchange, South Boston’s elected officials would support the development of the waterfront.