BOSTON-City Mayor Thomas M. Menino’s proposal to raise linkage fees on large-scale developments faces opposition as legislators attack the constitutionality of the process. Menino reportedly tried to raise the fees a year ago, but legislators blocked the increase.

According to Susan Ellsbery, spokesperson for the Boston Redevelopment Authority, Menino’s “home-rule” petition would increase the linkage fees to $7.18 per sf for housing and $1.44 per sf for job training. Linkage fees are the costs a developer must pay for a project built here over 100,000 sf to compensate for the impact the project will have on a community. The money goes to create affordable housing and job training.

“We feel its appropriate for a developer to mitigate these issues,” Ellsbery tells GlobeStcom. Menino recently committed $13 million in funding–most of which is from linkage fees–for nearly 800 units of affordable housing here.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.