The website Real Estate Channel has a concise piece on Quincy’s huge downtown renovation plan. The piece sheds a little more light on the financing of the plan, which calls for the city to overtake project debt only after revenue is generated from tenants, parking fees, etc. It’s probably not totally unique, but it is an interesting idea in these cash-strapped times. Curiously the piece refers to the “$1.8 billion” project, though the sources we found all mention $1.3 billion.
BostonREB Ford Realty > Unique financing behind Quincy $1.3 billion downtown renovation