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Tax Revenue

Tuesday, January 24, 2012

Route 128 Towns Look To Grow Office Parks

Zoning changes key in developing economic centers.

Needham isn't the only community along Route 128 looking to grow local revenue by growing its business base. The Boston Globe reports that Newton and Waltham are also working on plans to boost economic development in their towns, and nearby Dedham is "reaping millions in new tax revenue" thanks to the development of its Legacy Place shopping center, according to a recent article published on Boston.com. Following passage of several key zoning changes at Needham's fall special Town Meeting, the Globe reports that Economic Development Director Devra Bailin and the Council of Economic Advisors are continuing to meet with property owners, businesses and local tenants to consider the best way to develop Needham's New England Business Center, …

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