News: Owners Developers & Managers

Retrenchment, progress and challenges

As one might have expected, some 40 environmental and recreational groups have rallied to request that Massachusetts governor Baker consider hiring more personnel at the Massachusetts Departments of Environmental Protection (DEP) and Conservation and Recreation (DCR), in order to back-fill those slots left vacant by those who selected the "early retirement" program. Each of these agencies is integral to maintaining our environment and for enabling development to proceed at more than a snail's pace. As explained in letters to the Governor, articles in The Boston Globe and several organizational newsletters, these two agencies are operating at levels between 20% and 25% below staffing levels in 2009 and 2008, respectively. The reductions in staff have been aimed at lowering the costs of employees in these agencies, while continuing to operate at efficient levels, with the goal of reducing the overall state budget and the budget deficit. Losing about 100 additional persons each, DEP and DCR are absorbing a huge decrease in staff (30% to 35% fewer employees), losing institutional memory, and reducing the speed to process permits; not to mention the loss of years of relationships built up by municipalities and private sector engineers and attorneys. It is conceivable that in the not too distant future, the governor will issue a "report card" on how well these agencies perform their services with reduced staffing levels. One can predict that staff may well be overwhelmed with processing permits, implementing regulations, and getting decisions out the door. Time will tell. In the meantime, the Baker administration is calling for more hydropower as an energy source, but the Environmental Affairs Secretary has advocated against increasing net metering caps on utilities, which ultimately can harm the incentives to developing more solar energy. The legislature now has its chance to weigh in. Susan Bernstein is an attorney at law, Needham, Mass.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary