The construction slowdown in Boston has been expected to end as the Federal Reserve brings down interest rates, but developers say it may not be that simple.
A series of policies enacted by Mayor Michelle Wu’s administration — including property tax hikes, inclusionary development expansion and sustainability regulations — have continued to make new projects difficult to pencil, business leaders and developers said last week at Bisnow’s Boston State of the Market event held at the Seaport Hotel.
Source: Boston Developers Say Interest Rate Cuts Not A ‘Magic Switch’ As Local Policies Complicate Deals
