City formally pulls Filene’s permit
Boston officials today formally revoked permits for the stalled Filene's redevelopment in Downtown Crossing, telling the developers that their failure to proceed with construction has cost the city $20 million in tax revenue and thousands of jobs.
The decision to pull the permits could reduce the value of the property as the current owner, a team led by Vornado Realty Trust of New York, is trying to sell it to a new developer. Vornado has been seeking a buyer for the last month.
In a letter sent to the developers today, the Boston Redevelopment Authority said it decided to pull the permits because of their failure to move forward with construction during the past three years. The delay has led to several negative impacts on the city, including the lost jobs and tax revenue, and the vacant construction crater the developers have left in the heart of Downtown Crossing.
"We have heard from the public who overwhelmingly felt that your disregard for the economic health of Downtown Crossing had a negative impact on the area," BRA director John Palmieri wrote to the developers. Representatives for Vornado could not be immediately reached for comment.