Rosenthal doesn't have to eat the cost of building a deck or other structure over and adjacent to the pike. The cost is financed through a long term tax credit for those parts project. The savings in taxes offsets the costs of borrowing the money to build the additional infrastructure.
Comments
They probably want the same
They probably want the same deal Rosenthal got for air right's financing and are questioning why they don't have it.
What financing
Other than some infrastructure build-out - what financing did Rosenthal get?
Rosenthal doesn't have to eat
Rosenthal doesn't have to eat the cost of building a deck or other structure over and adjacent to the pike. The cost is financed through a long term tax credit for those parts project. The savings in taxes offsets the costs of borrowing the money to build the additional infrastructure.
You're right - All kinds of stuff
Incredible how many different programs this project seems to qualify for -
http://www.boston.com/realestate/news/articles/2009/08/20/state_may_absorb_30m_on_pike_air_rights_project/?page=2