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Staff outlines brownfield and DDA projects that could add millions in future tax capture
Summary
Staff reviewed an updated brownfield and DDA portfolio, including a list of projects that could yield eventual city tax capture in the millions of dollars but that are long‑term investments and depend on developer progress and state approvals.
City planning and economic development staff reviewed a slate of brownfield and DDA projects that the city is tracking and that staff estimate could return millions in future tax capture once complete.
"We are currently evaluating what the impacts of the potential sale of the BioLife building to Marissa will be," a staff member said, noting uncertainty about whether that sale has closed and how tax capture would change if it completes. Staff said some projects are long term by design and that state approvals or construction milestones will drive when capture appears on the rolls.
The presentation singled out the former MGH property and other DDA projects (for example 401 West Washington and CHIP) as significant but still uncertain sources of revenue because of required state captures, developer bond obligations and project schedules. Commissioners asked follow‑up questions about likely timeframes; staff gave broad ranges (two to five years for some projects) and reiterated that each project will be scrutinized for public benefit before approvals.
