Renewing the Central Business District - a Partnership of Business And City Government

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Inadequate park- ing facilities have caused downtown merchants to feel the growing compe- / Art t«tf"i«l$«n«i tition of suburban shopping centers obtaining a^grosriLag proportion of to- tal metropolitan sales.
-2- ^The area is heavily built up, with many obsolescent buildings, particular- ly on the fringes of the area, and has many small and irregularly shaped blocks which heighten traffic congestion now and which discourage suita- ble new development o While property taxes are presently very h
...igh, as- sessed valuations range from $12 to $70 per square foot within the dis- trict, further illustrating the loss of economic value to Boston from blight and obsolescence.
The Central Business District has many strengths, however. It is well located, well served by rapid transit, and rich in historical sites.
Perhaps its greatest strength lies in the leadership being exerted by Boston's business leaders in the efforts to revive the Central Business District.
For more than a year, frequent consultations were held between Mayor John F.


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