Another Hotel?: City Looks to Purchase Property on Central Avenue for Economic Development

December 27, 2012
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The City Council has appropriated close to $1 million for the possible purchase of a piece of land on Central Avenue that could become a hotel.

City Manager Jay Ash requested that $825,000 be set aside from the Free Cash account for the potential purchase of a vacant piece of property owned by the MWRA.

The property is at the corner of Central Avenue and Marginal Street – directly across from the Chelsea Street Bridge and the State Parking Garage.

Ash told the Record that the City is in negotiations with the MWRA to purchase the property, but those negotiations are not completed.

He said they have identified the property for potential economic development, and Ash hinted that it could possibly be a hotel.

“We do see the property as a chance for potential economic development,” said Ash.

If it were a hotel, it would be only minutes away from the potential casino development at Suffolk Downs and even closer to Logan Airport.

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