Downtown Waterfront - Faneuil Hall

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b) Major new office building to serve the New England Telephone Company.
c) $2,000,000 ultra-modern Aquarium.
TA X IMPACT : After redevelopment is completed, it is expected that tax revenues from this area will be more than double.
SUMMARY The proposal for the Waterfront area calls for several actions: 1. Open the city to the sea: make the walk from downtown to the waterfront a pleasant experience.
2. Reinforce the neighboring districts: the Government Center, Financial District, and the North
...End — by eliminating the presence of bSght from the waterfront, by creating a renewal area from which they can draw new social and economic strength; and by permitting their expansion toward the harbor.
3. Preserve historic buildings and traditions — by halting the demolition of significant buildings, by renovating and conserv- ing these structures, by adapting them to practical contemporary uses, and by continuing or commemorating traditions of early Boston.
4. Create a Waterfront residential community — by meeting the strong demands for housing close to Downtown in a wide range of rental categories, at a location extraordinarily well suited to the purpose.


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