Word: 121a
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...council had given Biogen the tax break under Chapter 121A, a clause allowing the city to charge a reduced tax rate on a parcel of land to attractcompanies to build...
Harvard has been permitted to appeal Cortese's office's decision five times. It reached that office because it had received approval from other agencies. All of these approvals were based upon particular submissions, engineering specifications, cost estimates, the lot. The Chapter 121A agreement, for example, was based on a cost estimate of $56 million and was premised on the understanding that the plant was justified because it would save the participating hospitals money. Five appeals later, the cost has risen to close to $250 million, and even Harvard now admits that the plant is going to lose money...
...chapter 121A agreement allows a corporation to build a tax exempt project if the corporation can show that the area that the project is to be built in is blighted, open, decadent or substandard...
...gives MASCO a 121A designation then under Mass state law MASCO would be allowed to construct the power plant...
...beginning of the meeting. Robert Kenney director of the BRA, told the crowd of about 75 people gathered at the Mission Hill American Legion Post that a Chapter 121A hearing will be held on the power plant. August 26, at Boston State College...