BOSTON-City Mayor Thomas M. Menino proposed a property tax on businesses here to fund the planning, managing and maintenance of the Central Artery–the 30 acres of green space that will be created when the Big Dig puts the highway underground.

In a speech at the annual meeting of the Boston Municipal Research Bureau, Menino also said he would propose legislation with House speaker Thomas Finneran to create a “not-for profit entity to plan, manage, maintain and operate the open space.” If the legislation passes, the entity would end years of wrangling between the city and the state over who gets control of this valuable piece of real estate in the heart of the city.

In his speech, Menino said that the open space should be accessible to everyone and managed by a “broad-based” organization. The entity he is proposing would have three components: a board of trustees that would be appointed by the Speaker, the Senate president, the Governor and the mayor and would have fiduciary responsibility for the organization; a board of directors that would comprise representatives from a number of interested parties including the Artery Business Committee, the Boston Society of Architects, the Greenspace Alliance, the Massachusetts Horticultural Society and organized labor; and an advisory group that would direct matters of policy.

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.