Wednesday, September 25, 2013

Boston FinCom Asks Mayor To Nix Fenway Deal

The Boston Finance Commission has asked Mayor Thomas Menino to block a vote on the sweetheart deal between the Red Sox and the city. The deal would grant the Red Sox the right to close off Yawkey Way during games in perpetuity for a one-time payment of just $7.3 million. The deal also gives the team "air rights" over Lansdowne Street—worth untold millions with future development. In the words of the FinCom, the deal will "shackle generations of Bostonians to an agreement that over time will prove to be financially irresponsible."