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Background Information
Devens Revenue Forum, June 16, Volunteers Hall
Globe Northwest, Devens Water, June 12, 2008
Street List with Values by Town, 4/23/08
Mass Development Parcel Analysis, 4/23/08
Devens Focus Group Financial-Legal Report, December, 2003
Devens Focus Group Survey Report, September, 2003
Devens Focus Group report to Annual Town Meeting, March 2003
   
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Subject: Is More Devens Housing Needed?
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David CruiseUser is Offline

Posts:1

02/09/2008 7:42 PM  
The Boston Globe reported on January 27 of this year that there is housing oversupply and a foreclosure crisis in towns on Route 2, a couple towns past Rt 495.

This oversupply is in sharp contrast to the housing shortages that Mass Development forecast years ago when it started to accelerate development of houses at Devens.

If allowed to continue on its mis-timed path of accelerating residential development, it will flood the area's housing market further, particularly depressing real estate values of towns outside the 495 belt.

Mass Development has done an effective job in attracting warehousing and industry to Devens. It should stick to that agenda and get out of the residential development business.
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