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More cars vs. more taxes

Posted by Ralph Ranalli March 11, 2007 08:52 AM

NEWTON

More cars versus more taxes.

Developers proposing a project that could put nearly 11,000 more cars on Route 9 every day have begun applying for necessary local permits.

New England Development will be before aldermen on March 23 for a public hearing on a zoning change requested for Chestnut Hill Square, across Route 9 from the Mall at Chestnut Hill. As currently planned, Chestnut Hill Square, situated on 11.5 acres, would have two 14-story residential towers atop a two-story parking garage, and another residence of six stories.

In all, it would have 226 condominiums, some priced at $1 million; 34 would be set aside as affordable. Also planned is a block of two- and three-story retails buildings, including a high-end restaurant and grocery store.

Local officials have mixed feelings about the development. While they believe it could cause traffic jams, it could generate $2.9 million or more in much-needed annual tax revenue.

-- Connie Paige

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