BOSTON-Boston officials are trying to figure out the monetary losses caused by a delayed redevelopment project in Downtown Crossing as part of an approval review of the developer's plan to construct a 39-story tower on the previous Filene's property.
The proposed project was stopped in summer 2008 due to financial problems. A group headed by Vornado Realty Trust, the owners of the $750 million project, placed the property for sale. Yesterday, the Boston Redevelopment Agency released letters related to the long-delayed project's negative effects. For the full story, go to Boston Globe.
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