Leading Meeting Professionals

Professional Convention Management Association

October 08 2012

Massachusetts Convention center authority closes $33M deal

Alicia Leonard

October 08, 2012

The Massachusetts Convention Center Authority yesterday finalized the purchase of a hotel development site, a $33 million deal that’s just the beginning of its Southie land grab.

The quasi-public agency acquired 5.6 acres on D Street across from the Boston Convention & Exhibition Center where it hopes to start construction next year on two mid-priced hotels with 400 to 500 rooms, and eventually add parking garages.

Convention chief Jim Rooney said the acquisition “sets the ball rolling” toward a proposed $2 billion expansion.

bostonherald.com (October 2, 2012) Convention center authority closes $33M land taking. Retrieved October 8, 2012 from http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061164605&srvc=rss

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