- Mar 2, 2012
- Reaction score
“You asked what is an automatic turn-off. ... Market research shows [the amount of parking] needed is X. We flip open the zoning code and we find out the requirement in the zoning code is two times that,” replied Patrick Lee, co-founder of a Boston firm called Trinity Financial. “It is a lightning rod ... Oftentimes we often just say, ‘That one is too, too hard.’ ... When the zoning catches up with the market or gets close to it, we’ll come on back and have the conversation [about building]. Even if you’re doing surface parking, it eats up so much land it ends up being a cost-driver in your pro forma.”
Random question - anyone here know what's going on with the now-empty lots across the street from Union Station? They were still-standing public housing last time I was in town, and I know I've read articles about the buildings' lack of safety (fire hazard? lead paint? asbestos?) so I know there was some plan in the works. But does there exist in public view a plan for new buildings there?