Government Center: Selection of a Developer for the Proposed Eight-Story Private Office Building On Cambridge Street (Parcel 12)

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The disposition proposal contemplates a price of $14 per square foot on the basis of reuse studies completed to date.
Considering the development problems in the area, the renewal plan controls, and the fact that the price for the Federal Office Building is $6 per square foot and the proposed price for the City Hall is $S per square foot, this price is fair and reasonable.
Under federal regulations a second reuse appraisal is required and is, in fact, recommended to be authorized at this meetin
...g. The procedures contemplate the possibility that the price might be changed if the second reuse appraisal so indicates.

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