The Bay State Banner reports on tension between tenants at Mass Pike Towers and Trinity Financial, which owns the 200-unit complex.
The window of opportunity already passed.
"To the German Commander.
so the folks living in taxpayer-subsidized housing do not want new, tax-generating buildings ruining their views or taking their parking spaces? furthermore, they want the same taxpayers who subsidize their rent to now buy the building? seems reasonable to me.
Not a single taxpayer dime should be spent on buying this building. I live nearby paying mortgages and taxes and neither have a view nor parking. The audacity to demand taxpayers to foot the bill to preserve their central location and parking blows my mind.
For a price.
They just have to up their offer.
When Trinity bought the property 16 years ago, the tenants negotiated an option to buy the property from Trinity after 15 years.
How would this have worked? If the price was set in 2000, then it would have been a sweet deal to buy it for that price in 2016.
The city tore down three streets and via eminent domain and evicted families which owned the row houses there for a century with pennies on the dollar compensation to build that project. Shouldn't those displaced families have a chance to buy back their land moreso than the denizens which benefited from their displacement?
Let me get this straight. 1) The project is affordable 2) the project will remain affordable 3) the tenants missed their opportunity. 4) They're asking the City to step in and basically force a sale??? Why? Because the tenants are worried that a building may or may not be built next door? City of Boston, don't waste our tax dollars on this request......put your resources to better use; more affordable housing, etc.
"Oranczak said Chinatown tenants are opposed to the creation of more luxury housing in their neighborhood, as well as the potential loss of parking spaces."
Things that are actual luxuries in urban living: unobstructed views, offstreet parking, and the ability to get local government to force your preferences onto neighboring property owners.
Trinity is a corporate welfare cheat, they bought the building using Boston money. They're triple dipping using federal subsidies to line their pockets and jacking up rents for tenants.
The tenants are NOT buying anything, since the building was bought using Boston money, Trinity should turn it over to a non-profit and stop milking the system.
I have no problem with subsidizing seniors, children, disabled people and those who work hard but are stuck with low wages. I have a problem with using city money so a corporation can buy a building while they line their pockets with federal subsidies for this building and at the same time not keeping the building affordable which is what the subsidies are meant to do.
Help keep Universal Hub going. If you like what we're up to and want to help out, please consider a (completely non-deductible) contribution.
Copyright 2022 by Adam Gaffin and by content posters.Advertise | About Universal Hub | Contact | Privacy