Testimony of Robert T. Kenney, Park Plaza, January 31, 1974
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Mahoney v;ould also lead you to believe that the resuse value for the excess city streets which he has arbitrarily determined to be between $9 and $12 million is higher than the land acquisition value. This is, bluntly, just not so. The real estate acquisition parcels at fair market value for all of the Authority's on-going fifteen urban renewal projects total approximately $151 million and the total resulting reuse values for all parcels is only approximately $36 million. Therefore, Mahoney 's... contention is completely unfounded as the reuse value is less than 25% of the fair market value determined at the time of acquisition. Even if you consider only the Downtown urban renewal project v/here the reuses have been for office space, commercial space, and hotels, the reuse values have approximated only 30% of the fair market value for land acquisition. And that, I submit, should ansv;er one of the glaring distortions in a pamphlet signed by one Thomas Paine, Mr, Mahoney also fails to point out that the Cooperation Agreement; namely, the contract between the City and the Boston Redevelopment Authority, does not have the definition M JtQ, of fair market value that Mahoney has distorted.
What to read after Testimony of Robert T. Kenney, Park Plaza, January 31, 1974?
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To quickly assess the difficulty of the text, read a short excerpt:
Mahoney v;ould also lead you to believe that the resuse value for the excess city streets which he has arbitrarily determined to be between $9 and $12 million is higher than the land acquisition value. This is, bluntly, just not so. The real estate acquisition parcels at fair market value for all of the Authority's on-going fifteen urban renewal projects total approximately $151 million and the total resulting reuse values for all parcels is only approximately $36 million. Therefore, Mahoney 's... contention is completely unfounded as the reuse value is less than 25% of the fair market value determined at the time of acquisition. Even if you consider only the Downtown urban renewal project v/here the reuses have been for office space, commercial space, and hotels, the reuse values have approximated only 30% of the fair market value for land acquisition. And that, I submit, should ansv;er one of the glaring distortions in a pamphlet signed by one Thomas Paine, Mr, Mahoney also fails to point out that the Cooperation Agreement; namely, the contract between the City and the Boston Redevelopment Authority, does not have the definition M JtQ, of fair market value that Mahoney has distorted.
What to read after Testimony of Robert T. Kenney, Park Plaza, January 31, 1974?
You can find similar books in the "Read Also" column, or choose other free books by Kenney, Robert T to read onlineMoreLess
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