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BRA Re-Ups Waterfront Pavilion Lease

BOSTON-The Boston Redevelopment Authority allows FleetBoston Pavilion to extend the lease on its four-acre waterfront site. The agency tells GlobeSt.com that if a more suitable tenant comes along it will give FleetBoston a year's notice before terminating its lease.

By Naomi Grossman | Updated on March 20, 2002

BOSTON-The Boston Redevelopment Authority will allow the FleetBoston Pavilion to extend the lease on its four-acre waterfront site. The outdoor concert venue had signed a five-year lease on the Marine Industrial Park site in 1999.

Meredith Baumann, a spokesperson for the BRA, tells GlobeSt.com that the lease was signed with the understanding that it was a temporary arrangement. “It was never the intention that they would remain there,” Baumann says, referring to the pavilion. The land is owned by the Economic Development Industrial Corp., a branch of the BRA. Baumann points out that under Chapter 91 regulations, which dictate the activity in this area, anything on the waterfront has to have a maritime use and has to reconnect the city’s residents with the harbor. The pavilion is reaching part of those goals, notes Baumann, explaining why the agency is extending the lease.

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