Boston to try to convert empty downtown offices into residences by slashing their property taxes for three decades
Boston to try to convert empty downtown offices into residences by slashing their property taxes for three decades
https://www.universalhub.com/2023/boston-try-convert-empty-downtown-offices
Mayor Wu today announced a proposal to open up empty commercial space downtown to residential use by offering 75% off standard residential tax rates for up to 29 years for building owners - and by setting up a new office to speed conversions through the city's normal development approval process. Read more.