REQUESTFORQUALIFICATI ONS Building a Tactical Revitalization ...

AKRF PROJECT EXPERIENCE
QUINCY CENTER ECONOMIC STUDY, QUINCY, MA
The Quincy Center Redevelopment Project is a 2.7 million-square-foot
development proposed for Quincy, Massachusetts, which is located
approximately 10 miles south of Boston in Norfolk County. The project will
support the redevelopment of downtown Quincy into a new high-density district
that will capitalize on its existing urban infrastructure, proximity to Boston, and
public transportation.
AKRF was retained by the project’s developer, Street-Works, to perform an
economic and fiscal impact assessment for the redevelopment project. Our
analysis included:
• An econometric evaluation of the benefits from the construction and
operation of the project;
• A tax increment assessment of future municipal revenues;
• An assessment of revenues and costs associated with the public investment in the project; and
• A case study of how such downtown projects affect the overall economic base of the larger
municipality.
In June 2009, Quincy’s Mayor Thomas Koch held a city hall press conference, presenting conclusions from AKRF’s
economic benefits analysis. In attendance were local and regional business officials and representatives from the state
Executive Office of Housing and Economic Development. Mayor Koch said: “This study articulates the full impact that
New Quincy Center will have, both during construction and at completion. It makes clear that this is an extraordinary
opportunity for Quincy, for Norfolk County, and for Massachusetts.” (Source: http://www.newquincycenter.com/
newsblog.shtml).
The project reached an important milestone in December 2010 when Quincy City Council voted 8-0 to approve the Land
Disposition Agreement governing the $1.3 billion plan for Quincy Center.
Proposal For Capitalize Albany Corporation
RFQ for Building a Tactical Revitalization Plan for Downtown Albany, NY
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