Draft Project Impact Report - Boston Redevelopment Authority
Draft Project Impact Report - Boston Redevelopment Authority
Draft Project Impact Report - Boston Redevelopment Authority
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Exeter Residences /888 Boylston<br />
8.2 Table of Public Benefits<br />
\\Mabos\projects\09916.00\docs\Permits\DPIR\Text\DPIR Chapter 8 Benefits and<br />
Mitigation.docx<br />
Table 8-1<br />
Summary of Public Benefits – Exeter Residences and 888 Boylston<br />
Housing<br />
Linkage<br />
Benefit Description Incremental<br />
Amount*<br />
Exeter Residences has 1,330 SF dedicated to<br />
Development <strong>Impact</strong> Uses ^<br />
888 Boylston and the remaining area of<br />
Phase 4a has 134,559 SF dedicated to<br />
Development <strong>Impact</strong> Uses ^<br />
The additional common area in Phase 4b has<br />
1,000 SF dedicated to Development <strong>Impact</strong><br />
Uses ^<br />
Jobs Linkage Exeter Residences has 1,330 SF dedicated to<br />
Development <strong>Impact</strong> Uses ^<br />
Affordable<br />
Housing<br />
Communities<br />
Benefits Fund<br />
888 Boylston and the remaining area in<br />
Phase 4a has 134,559 SF dedicated to<br />
Development <strong>Impact</strong> Uses<br />
The additional common area in Phase 4b has<br />
1,000 SF dedicated to Development <strong>Impact</strong><br />
Uses<br />
Create the number of units equivalent to 25<br />
percent of the number of Total Number of<br />
Units (Exeter Residences)<br />
Under the Development Plan and Cooperation<br />
Agreement – Exeter Residences<br />
Under the Development Plan and Cooperation<br />
Agreement – 888 Boylston<br />
Under the Development Plan and Cooperation<br />
Agreement – Additional common area in<br />
Phase 4b<br />
Job Creation In the office component (in addition to<br />
construction jobs)<br />
Public Benefits and Mitigation 8-2<br />
Total<br />
Amount<br />
$10,468 $10,468<br />
$1,058,979<br />
$7,870<br />
$2,496,444<br />
$7,870<br />
$2,089 $2,089<br />
$211,258<br />
$498,751<br />
$1,570 $1,570<br />
Up to 47 units Up to 47 units<br />
$302,500 $302,500<br />
$168,199<br />
$1,250<br />
600<br />
permanent<br />
jobs<br />
$364,030<br />
$1,250<br />
1600<br />
permanent<br />
jobs<br />
Fiscal Benefits Annual real estate tax revenue to the City –<br />
Exeter Residences<br />
$470,000 $470,000<br />
Annual real estate tax revenue to the City –<br />
888 Boylston<br />
$1,340,000 $4,025,000<br />
Neighborhood Boylston Street Improvements $400,000 $400,000<br />
Total<br />
(excluding real estate tax revenue)<br />
$2,164,183<br />
plus other<br />
benefits<br />
$4,084,972<br />
plus other<br />
benefits<br />
*Development <strong>Impact</strong> Use square footages based on the incremental development from the previously<br />
approved <strong>Project</strong>.
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