Mayor Menino considering tax break for Filene’s project

Mayor Thomas Menino is considering a tax break for the Downtown Crossing Filene's project.                                                              (Metro file photo)
Mayor Thomas Menino is considering a tax break for the Downtown Crossing Filene’s project. (Metro file photo)

Mayor Thomas Menino is currently considering a tax break for the Downtown Crossing construction development that is demolishing the former Filene’s building.

The Boston Redevelopment Authority confirmed to the Boston Globe on Tuesday the possibility of a tax deal with Millennium Partners, the developer now building  the complex at the Filene’s site that will contain luxury residences, offices, and retail stores.

A spokeswoman for the authority declined to disclose the amount of money under discussion.

But just three years ago, Mayor Menino adamantly refused tax incentives to former Filene’s developer Vornado Realty Trust of New York.

“This development is too important to Downtown Crossing and to the entire City of Boston to be used as a bargaining chip to improve your bottom line,” Menino wrote in 2010.

Anthony Pangaro of Millennium in Boston told the Globe that  the firm is seeking reduced tax payments for a short period to help provide “predictable” costs for prospective retailers and office tenants. He said the downtown area is still up and coming, and that Millenium is working to attract more upscale retailers to the area.

“You’re asking people to make a very long-term commitment in these leases, and they will be pioneers to some extent,” Pangaro told the Globe. “A retailer doesn’t know what he is going to make down here, so we’re trying to take the experimental nature out of it.”

Follow Metro Boston on Twitter: @MetroBOS



News
Entertainment
Sports
Lifestyle
National

California passes 'yes-means-yes' campus sexual assault bill

Californian lawmakers passed a law on Thursday requiring universities to adopt "affirmative consent" language in their definitions of consensual sex, part of a nationwide drive to curb sexual assault on…

National

Syrian refugees top 3 million, half of all…

By Stephanie NebehayGENEVA (Reuters) - Three million Syrian refugees will have registered in neighboring countries as of Friday, but many remain trapped by the advance…

International

North Korean leader's money manager defects in Russia:…

A senior North Korean banking official who managed money for leader Kim Jong Un has defected in Russia and was seeking asylum in a third country, a South Korean newspaper…

Local

MAP: New York City Street Closures August 29,…

The Department of Transportation and NYPD said there may be residual delays near all of the street closures on August 29, 31 and 31. Several streets and avenues will be…

Going Out

'Friends' coffeehouse Central Perk coming to NYC —…

"Friends" is coming back for a one-off special: "The One with the Free Coffee." Warner Bros. is bringing a pop-up replica of Central Perk, the…

Movies

Interview: 'As Above, So Below' directors: 5 ways…

The fraternal directors of the found footage horror "As Above, So Below" dish on the best ways to frighten the bejesus out of audiences.

Movies

Criterion's new Jacques Demy box mixes the light…

Jacques Demy, the most effervescent of French New Wave filmmakers, gets a Criterion box all to himself, with classics like "The Umbrellas of Cherbourg."

Entertainment

Comedian Joan Rivers, 81, rushed to New York…

NEW YORK (Reuters) - Acerbic comedian and fashion critic Joan Rivers was rushed to Mount Sinai Hospital in New York on Thursday after she reportedly…

NFL

3 things we learned in the Giants preseason…

The final score didn’t matter — a 16-13 win by the Giants — but it would’ve been nice to finally see Big Blue’s new-look offense get on track.

NFL

NFL Power Rankings: Seahawks, Broncos, Patriots, 49ers start…

NFL Power Rankings: Seahawks, Broncos, Patriots start at top

U.S. Soccer

5 facts about new England captain Wayne Rooney

Manchester United striker Wayne Rooney was named as the new England captain by coach Roy Hodgson on Thursday.

NFL

Jets vs. Eagles: 3 things to watch

A win on Thursday night at the Eagles would give the Jets a 3-1 record and just their second winning preseason under head coach Rex Ryan.

Style

Trend: White hot on the 2014 Emmy's red…

White was one of the big trends on the Emmy's red carpet.

Food

Recipe: Samuel Adams beer-marinated grilled shrimp

Summer calls for two things: a cold beer and light food. Sam Adams' Latitude 48 IPA fairly bursts with citrus notes, making it an ideal marinade…

Wellbeing

4 healthy ingredient swaps to make your meals…

When it comes to eating well, everyone knows they could be doing better. But cooking in an apartment on a busy schedule is a recipe…

Wellbeing

Heart trumps brain when it comes to movies…

When you need a good cry, do you reach for the movie that’s “based on a true story”? Science says you’re giving your brain far…