Over the Top 40.
By Jim Conley • Jul 25th, 2007 • Email This Post to a Friend •
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Looks like 40T, the bill to give real estate developers statewide the power they have in Brookline (you know, to set up their on local government) is back on the fast track on Beacon Hill. Let’s see how Brookline’s State House denizens vote on this one.
Last summer, Brookline’s gerrymandered delegation (Rush, Moran and Sanchez) voted to override Governor Romney’s veto of the bill (with Romney saying it was a giveaway to developers) and the Frank Smizik voted against the override after the vote had closed [see previous post].
And in other news, there’s a movement afoot to repeal the State law that governs affordable housing developments, the law known as 40B. The sponsors of the petition drive to repeal call 40B’s financing and project costing provisions “welfare for real estate developers” [read the Globe story].
Welfare for developers? No, that happens when you use public assets to subsidize a developer’s project to rescue it from their financial and project planning ineptitude.
It’s called cronyism.
Jim Conley is publisher of On Brookline.
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