| Starting in July, many of the main functions of the Boston Planning & Development Agency will be transferred over to a new city Planning Department following a combative City Council vote Wednesday afternoon.
But key elements, like the department’s funding and the powers of what will remain in the BPDA are still up in the air while state lawmakers consider a companion home rule petition.
What else is on tap today?
- $800M Lowell Tech Development: Aiming to anchor the city’s growing tech cluster and provide housing to keep tech workers local, UMass Lowell announced a massive, multi-phase development this morning along with an anchor tenant: Draper Laboratories.
- MCCA Cancels D Street Development: Saying one of the two teams competing to build out 6.5 acres in South Boston didn’t get a fair shake, the authority opted instead to rethink how it wants to deal with its extra land.
- Top Local Chase Exec Leaves: Roxann Cooke, one of the most prominent Black women in the Massachusetts banking industry, is leaving Boston. But she’s staying with JPMorgan Chase.
Show me the data!
Here’s what interest rates did this week.
What did I miss?
Here’s what you might have missed in Sunday’s newsletter. Not a B&T subscriber? Fix that here.
- Zoning changes designed to revitalize downtown Hyannis got immediate traction from developers proposing multifamily housing. But a leadership change on the Barnstable Town Council is driving fears of a rollback.
- Recent hoopla about soft landings aside, the Federal Reserve’s drive to bring down prices has made immeasurably worse what was already the most expensive item in Americans’ budgets: the cost of housing.
- Many real estate agents across the state are already altering how they interact with home buyers and sellers in the wake of the surprise decision by the National Association of Realtors to settle pending lawsuits over agent commissions.
