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Big Dig HQ Can Be Sold

BOSTON-The Massachusetts Turnpike Authority gets the green light to sell the Big Dig's headquarters at 185 Kneeland St. The 10-story building sits on a little over nine acres and is considered prime real estate.

By Naomi Grossman | Updated on February 06, 2004

BOSTON-One of the city’s last developable tower sites will be coming on the market soon. The Massachusetts Turnpike Authority got the green light to sell the Big Dig’s headquarters at 185 Kneeland St. The 10-story building sits on a little over nine acres Downtown right where Route 93′s new tunnel opens into the city and is considered prime real estate. According to Doug Hantchett, a spokesperson for MassPike, the property was appraised in the past few years at more than $90 million.

The sale was made possible once the General Accounting Office, an agency of the federal government, ruled that MassPike could use proceeds from the sale to help pay off the Big Dig. The problem was the $8.5 billion cap on federal funds that could be used to pay for the massive project. The building was originally purchased with state and federal funds, but in a letter from the GAO to the state’s Inspector General, the GAO’s general counsel writes “we find ample support for DOT’s view that, given the context of the statutory language, the legislative history and the historical record, the cap only applies to apportioned funds.” It goes on to say, “there was no indication that the cap was intended to include any proceeds or net profits that might be realized from the sale of previously acquired property.”

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