The Big Dig and its impact on Boston Real Estate Market

Posted by Khonnara | Labels: , , , | Posted On Sunday, February 14, 2010 at 6:51 AM

Awesome .... a moment of pride for all Bostonians? 7-11-06 coating of 1 ton of cement paste, which has slowed to 5 pieces of metal and epoxy resin fell and crushed a car and the woman in it. It turns out that perhaps the Government policy of awarding contracts to the lowest bidder, not necessarily the greatest political. I heard a radio program for the identification of the work on the Big Dig of lower quality than the large construction projects in third world countries because of corruption and serious angleCut (e) only at the expense of safety.

There is no doubt that Boston's "Big Dig" has raised speculation and property values in the areas around them during the late 90's and early 00's.

According to an article in The New York Times reported April 14, 2004 By Susan this house "Commercial Real Estate; Ripples Big Dig extend well beyond the center of Boston"

"What has increased the center, der''Big Dig, the value of our homes 10-15 percent,''said MaryannSuydam, Regional Vice President of the Chicago-based Equity Office Properties Trust, one of many companies developing projects in the vicinity of Rose Kennedy Greenway. On Russia Wharf, the company expects to build in early 2005 a speculative office as part of a 300 million U.S. dollars with a complex of 330 hotel rooms and 50 loft condominiums. ''This site has become more accessible, more beautiful and suitable for new uses that companies more, residents and visitors will attract,''shesaid. "

Obviously, the biggest impact on property values will be the center of the royal city, where highways increased by ugly concrete of the city will be transformed into green space. But the Big Dig has a positive effect on property values in other neighborhoods. For example, the expansion of the fair Turnpike (Rt. 90) through South Boston, East Boston and Logan Airport. I remember when it is open until late in 2003, has a largefaster to reach the airport. In addition, South Boston has a lot more accessible from downtown Boston.

South of Boston, and was determined by an increase in property values at this time. According to the MLS, the average sales price multi-family homes in South Boston) (South:

1998 to 234,809 $

2000 to 368,293 $

2002 to 445,000 $

2004 to 524,857 $

2005 to 635,793 $

You know, the losses in tunnels pious poor job that I could do;with ... I go through leaks and puddles with anxiety and stress minimum. I remember, Dodge 1 ton of cement pieces in a video game sounds fun, but I like my car and I crashed a lot of stupid in these games. I think to avoid the tunnel, until something is done.

And I think that other people KNEEJERK the same reaction I have to do. I wonder if the buyers are looking for, which will begin in other areas, to exclude, which would have to play Russian Roulettheir daily commute?

While speculation is good that has characterized the Big Dig before its completion, in each case raised by surrounding property values. Now that the big dig, it seems, is a total flop, will be given to surrounding property values obtained from the negative aspects now taken by one of the biggest mistakes of history in the government?

Sure, it seems possible to me.

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