When I read this my immediate reaction is this is part of Boston's effort to blunt the impact of the potential incoming commercial real estate crash, which could damage many Boston business as well as Boston's commercial tax base.
I was surprised not to see that mentioned at all in the announcement. Is it unrelated? Is the announcement political spin to encourage those who might otherwise be against bailing out commercial real estate property owners to support it? Am I just wrong and this has nothing to do with the CRE crisis?
I was surprised not to see that mentioned at all in the announcement. Is it unrelated? Is the announcement political spin to encourage those who might otherwise be against bailing out commercial real estate property owners to support it? Am I just wrong and this has nothing to do with the CRE crisis?