(Read more on the multifamily market.)
BOSTON-Gov. Deval Patrick has signed a bill that exemptsnon-waterfront properties on landlocked, filled tidelands fromhaving to obtain Massachusetts General Law Chapter 91 licensing, aprovision established generations ago to regulate activities anddevelopment along the state's waterways. The MassachusettsDepartment of Environmental Protection administers Chapter 91licensing.
In practice, the department had been exempting non-waterfrontproperties located on filled tidelands from Chapter 91 licensingsince 1990. However, this February, the state's Supreme JudicialCourt ruled that the department lacked the authority to exemptproperties located on filled tidelands that are at least 250 feetfrom the water and separated from it by a public way.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
