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This work is licensed under a Creative Commons Attribution-NoDerivs 2.5 License.
Random musings from a Midwesterner in Beantown.
Wednesday, September 21, 2005
Big Dig real estate gaffe puts transit projects in red
Big Dig officials significantly overestimated the amount of money that could be raised by selling off the project's Kneeland Street headquarters, creating a hole in their financing plan for the megaproject's final stages, officials disclosed yesterday.
The error has forced project officials to withdraw $67 million from a state transportation fund, money that would otherwise pay for smaller highway and transit projects around Massachusetts.
Full story here. What does this mean for Somerville?
Also, more bad news.
The error has forced project officials to withdraw $67 million from a state transportation fund, money that would otherwise pay for smaller highway and transit projects around Massachusetts.
Full story here. What does this mean for Somerville?
Also, more bad news.
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