The State House News Service reports on the approval by the state Gaming Commission. The move clears the way for the massive redevelopment of the site on the Revere/East Boston line, although racing should continue for another year.
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Should be good for thousands of units if they zone it densely enough. Could singlehandedly drop rents a few percent around the metro area with all the extra supply in a few years.
Could practically place a whole new city there if they avoided car-centered development.
Then there is the Nimbys... :(
They said "no" to a casino partially because of traffic. Do you think residents will let ANY development happen without a fight?
More developments for East Boston , Suffolk downs just 5 train stops away from Boston.
An added Movie theater on that huge parcel would be a great addition for Eastie residents , sick and tired of driving to Revere or paying a toll to drive into Boston to see a movie or shopping malls .it's time for an Eastie upscale shopping /restaurant destination for Eastie, Revere, Winthrop residents, right now 60% of these residents travel to Somerville and as far away to places like outlets in southern Mass to spend their money and shop .
Brick and mortar shops just don't cut it these days, with Amazon.com eating up all the Global commerce , large department stores (sears being one) are slowly fading into the sunset, restaurants, cell phone stores, Fitness / Yoga centers H&R Block are examples of brick and mortar survivors, if lets say a Levi's apparel shop or a Nike shop they won't last long at a large proposed development such as Suffolk downs. So the developers have to rightly choose and utilize what can be a right fit for the land.
But what happened to the Shaw's by the back door to the track, was that supported by the people ?
Good, we won't have to hear anything more about the weezing Massachusetts "Racing Industry".
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