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In real estate, chasing money's the game

Mayor plans a $40m loan initiative to restart stalled development projects

‘I want projects that are ready to go now,’ Mayor Thomas M. Menino says, commenting on how loans would be used. ‘I want projects that are ready to go now,’ Mayor Thomas M. Menino says, commenting on how loans would be used.
By Casey Ross
Globe Staff / December 10, 2008

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Boston Mayor Thomas M. Menino yesterday said the city will provide $40 million in loans to stalled development projects, hoping to restart construction of billions of dollars worth of office towers and retail stores that have been delayed because of the credit shortage and soft economy. (Full article: 516 words)

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