Word: masco
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...Medical Area Services Organization (MASCO), which is owned in part by Harvard, "asked us to figure out a way to show the positive economic and financial aspects of these hospitals, as it would have a salutary effect on easing the long run discussions about tax-exempt property in the city." James E. Howell, a senior vice president of the First National Bank of Boston, which performed the study, said...
...medical institutions meanwhile went ahead with plans to secure Boston Redevelopment Authority (BRA) approval for the MASCO power plant. MASCO needed this approval so it could take advantage of a state law that aids developers of "blighted" land in urban renewal area. This law allows the developer tax-exempt construction if it can prove to the BRA board that the land is blighted and will be benefitted by renewal. In return, the applicant has to pay some taxes to the city--a percentage of the project's income...
...understanding with RTH was only a paper agreement, not good enough to stand up to possible attacks by other Mission Hill residents, those living on the other side of Huntington Ave. The BRA might be sensitive to such protests when considering whether to give MASCO the go-ahead. The residents across the street would not benefit from the housing, but would share the pollution. What if these residents were to rally support in the community against the plant--visible, angry antagonisms that could burst out at the BRA's hearing on the project's building permit and jeopardize the plant...
Murphy's game is different. He knows that Edison could stand to lose the same millions that MASCO hopes to gain if the institutions are allowed to drop their accounts and build their own power plant. And Edison, having tax problems itself with the city, is infuriated by the tax package that the non-profit institutions are negotiating in which MASCO would make in-lieu-of-tax payments of about $1.5 million annually to Boston. Edison claims it would have to pay at least three times that to the city just to deliver the same power...
...England, anyone would seriously propose that an electric-generating and steam power plant should be constructed on Brookline Ave. in the middle of some of the finest hospitals in the world," Murphy has contended at hearings throughout the summer. Instead, Murphy offers his own joint proposal with MASCO wherein the institutions would build their own steam plant and Edison would continue to supply power through a transformer station that could be constructed a few blocks away...