READ AND UNDERSTAND
UNCREDITED SOURCES DISCLAIMER:
- THIS INFORMATION BELOW CAME SUBMITTED TO US VIA EMAIL ([email protected])
- THE INFORMATION IN THIS POST IS UNCREDITED, SO THE POST(S) BELOW (IN GREY BOX) SHOULD NOT BE CONSIDERED NEWSWORTHY, VERIFIED, OR FACTUAL INFORMATION.
- THE INFO CONTAINED IN THE GREY BOX(ES) BELOW REPRESENTS THE OPINION OF THE UNCREDITED SOUCE WHO SENT IT TO US, AND DOES NOT REFLECT THE OPINION OF FRAMINGHAM UNFILTERED.
BY CONTINUING TO READ THE ARTICLE BELOW, YOU AGREE THAT YOU HAVE READ AND UNDERSTOOD THE DISCLAIMER ABOVE.
DO NOT TREAT ANY OF THE INFORMATION IN THE GRAY BOX BELOW AS NEWSWORTHY, FACTUAL, OR VERIFIED.
Since the City of Framingham Executive Branch seems to pay close attention to your website (and HUGE THANKS for all you do keeping us citizens aware of many things not voluntarily shared by the Executive Branch), I thought I would email you a huge concern of mine.
Since it seems the Mayor and her staff were completely asleep at the wheel for the entire stretch of the Covid Pandemic with respect to the sharp decline in water usage (especially by businesses) that caused a multi-million dollar deficit, it would not surprise me the same people are again asleep at the wheel with respect to revenue from commercial real estate.
The maps below show the current Class A Office Space vacancies in Framingham. Taking a two minute walk from the intersection of Old Connecticut Path and Speen Street you can read prominent signs for available office space in front of eight different buildings.
I dont see how this trend will turnaround and I dont see the owners of this office space paying taxes indefinitely if they cannot boost occupancy rates.
So my question: what analysis of this has been done by the Mayor’s office and what contingency planning has the Mayor done in case real estate property owners start defaulting on their tax payments?
My fear is in the next year or two we will see another surprise announcement from the Mayor’s Office that we have a new and much larger deficit, this time due to lost commercial tax revenue. And as we can guess, the Mayor and her staff will try to convince us that anticipating and planning were not the least bit possible.
Thanks, and have a great day!
Two minute walk from OCP/Speen intersection:
492 Old Connecticut Path
205 Newbury Street
1 Speen Street
3 Speen Street
10 & 20 Speen Street
30 Speen Street
40 Speen Street
50 Speen Street
111 Speen Street
150 Speen Street
Two larger views of the issue:
showing only top 200 results:
–RECEIVED 6/8/2021 8:37AM