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Convention Center Hotel May Need Help

BOSTON-Developers of the 1,120-room convention center hotel have yet to nail down financing. The hotel is crucial to the success of the Convention & Exhibition Center proposed for the waterfront in South Boston.

By Naomi Grossman | Updated on May 17, 2001

BOSTON-While the developers of the convention center hotel have not nailed down the full financing of their project, convention center officials insist that city or state subsidies for the 1,120-room hotel are not up for discussion. The convention center hotel will be next door to the proposed Convention & Exhibition Center on the waterfront in South Boston and its viability is crucial to the success of the center.

Representatives of Starwood Hotel & Resorts Worldwide, which is developing the hotel with locally based Carpenter & Co., did not return calls by presstime. Steven Goldman, vice president of acquisitions and development for the company is quoted as saying that it could be helpful for the city to float a bond to help with the financing. Andy Antrobus, spokesperson for the Massachusetts Convention Center Authority, insists that that will never happen. “We agreed with them at the time that subsidies were not something we would pursue,” Antrobus tells GlobeSt.com. “We’re not interested in hearing about bond financing. It’s not something we intend to do.”

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