Marty Walsh says he would pay for universal K-1 classes by selling off City Hall. Unlike Mayor Menino, who once proposed selling off City Hall as well, however, Walsh says he would keep city offices downtown rather than trying to move them to South Boston.
Walsh says the money from selling off the 4.5-acre property would raise up to $150 million and add an estimated $6 million in tax revenues to city coffers from a landlord willing to buy the property, tear down the nine-story concrete bunker and build a new mixed-use development on it.
Walsh says he'd issue a "reverse RFP" to find a developer willing to build Boston a new City Hall and then lease it to the city, somewhere within walking distance of the current Government Center edifice.
By creating this one-time large infusion of revenue, and returning one if not two large public parcels of land to the tax rolls, the City will be positioned to pay for many of the services citizens have told me they want. We would seek to provide Universal Early Childhood Education; and invest in parks. A portion of the new tax revenue can be dedicated to public art, an important piece of our robust tourism industry. In addition, there will be a portion of revenue added to the rainy day fund. I will seek counsel from Bostonians about how to allocate this revenue, derived from an ambitious and visionary plan to expand the tax base and move our beloved City forward through the 21st century.