City puts bidders for its properties on notice: It’s serious about diversity
Disappointed by the inadequate details on diversity and inclusion, the agency is poised to redo the bidding for 3 properties.
For nearly two years, the Boston Planning & Development Agency has tried to promote diversity among bidders for city-owned properties. But City Hall is now issuing a warning shot to the real estate development community, one that essentially says: We’re serious about this.
The agency is poised to redo the bidding for three properties after city staffers were disappointed by the inadequate details concerning diversity and inclusion among the initial bids. For the next round of bids, the BPDA is making it clear that a full 25 percent of the scoring will be based on the diversity of the would-be developers’ equity partners or development teams, the Globe’s Jon Chesto reports.
The BPDA board of directors is scheduled to approve the rebidding of the three parcels at its meeting on Thursday. The properties in question include an unused power plant in the Charlestown Navy Yard and parcels at 142 Shawmut St. in the South End and 516 Main St. in Charlestown.
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