THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

Hole in the funding

Tight credit market puts a snag in redevelopment of old Filene's site as a jewel of the new downtown

Work continues at Franklin and Washington streets, but the site has remained largely unchanged for months. Work continues at Franklin and Washington streets, but the site has remained largely unchanged for months. (Globe Staff Photo / Essdras M. Suarez)
By Casey Ross
Globe Staff / August 20, 2008

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The $650 million redevelopment of the historic Filene's building - which Mayor Thomas M. Menino envisions as the new center of downtown Boston - is struggling because the developers have been unable to raise financing. (Full article: 916 words)

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