Summary of Boston Redevelopment Authority Re-Submission of the Park Plaza Urban Renewal Project to the Massachusetts Department of Community Affairs

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The project will bring in services, shopping facilities, and entertainment of high quality. The housing to be built in Park Plaza is not only con- sistent with the needs of downtown Boston, it is also consistent with the character of the adjacent comimuni ties." 3. Economic Impact . In this section, the direct economic benefits of the project are outlined. There then follows an exposition of what is referred to as Boston's "Emerging Development Strategy." The report concludes that: "--In essenc...e, Park Plaza is a key test to demonstrate the viability of Boston's strategy, planning and development effort for the City Core Area, and the feasibility of new approaches to downtown urban redevelopment." •7- It is difficult to summarize the impact statement because, even though an incomplete statement at this point, so many aspects of the project's impact are covered. It is recommended that any concerned person read the statement, in particular, the economic impact section.
C. Financing Support Material The Department did not feel that sufficient supporting documentation had been submitted for it to make a finding that the financial plan is sound.


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