Overview
- The HYM Investment Group and My City at Peace asked the city to reconsider its decision to end their P3 project rights, which are set to expire at the end of January.
- They said they spent three years working with Roxbury residents and invested more than $1 million, arguing they should be allowed to continue advancing the plan.
- Mayor Michelle Wu defended the pivot on GBH, saying the P3 project was not progressing, with a weak lab market and rising costs undermining the original lab-and-housing proposal.
- Boston has initial approvals in the state funding process for Madison Park, which could exceed $700 million, and officials say using the P3 parcel could avoid the cost of a temporary campus.
- The developers set a Feb. 2 community listening session at Twelfth Baptist Church and invited Wu, while disputing her assessment and citing progress on budgets, a term sheet, and talks with prospective lab tenants.