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Posts tagged "eminent domain"

New hotel finds Boston space thanks to eminent domain

Experienced real estate developers know that the purchase of commercial real estate for construction projects can be difficult once owners realize there is interest in their property. The Massachusetts Convention Center Authority discovered this recently as it ventured into the Boston real estate market. The success of the Boston Convention & Exhibition Center in the Seaport District has suffered, according to the convention authority, from a lack of hotel accommodations in the area. Seeking to remedy this situation, the convention authority has been trying to acquire land for construction of a hotel near the convention center.

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