In reaction to GBIO’s demands, this political cartoon was created by
Banker & Tradesman, which represents business interests.
GBIO and Old South Church are pushing Boston Properties to pay $19 million in mitigation fees, with a majority of that money slated for affordable housing. In May, the Massachusetts Historic Commission ruled that Boston Properties’ planned $1 billion development would have adverse impacts on the historic Old South Church caused by new shadows from the developer’s building tower. GBIO and Old South are using this ruling as leverage to secure $4 million to support repairs for the church, and the remaining $15 million to initiate a citywide fund for affordable homeownership programs. As their congregants find themselves priced out of the city, Old South and GBIO look to developers to contribute to homeownership solutions. For now, GBIO has successfully stalled project approval through negotiations with Boston Properties. Stay tuned for developments.