News

Martin Walsh calls for Fenway Center tax break

This is a summary. To read the whole story subscribe to BostonGlobe.com

Mayor Martin J. Walsh is proposing to give a $4.6 million tax break to one of Boston’s most ambitious developments, a $550 million project near Fenway Park that could allow him to make his first major imprint on the city’s skyline.

The tax deal is designed to jump-start the development of Fenway Center, enabling construction to start early next year on new retail spaces, hundreds of apartments and a parking garage on property that straddles the Massachusetts Turnpike. A vote on the financing is scheduled for Thursday at a Boston Redevelopment Authority board meeting.

Fenway Center has languished for several years due to legal and permitting challenges, and its developer, John Rosenthal, has struggled to generate enough funding to move forward with the project.

But Walsh has expressed a willingness to help since his first days in office, saying its construction will generate jobs and continue a building boom that is transforming vast swaths of the city.

Full story for BostonGlobe.com subscribers.

Get the full story with unlimited access to BostonGlobe.com.

Just 99 cents for four weeks.

Share