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Article: Boston Private Bank Finances First New Construction in Dudley Square in 40 Years with Innovative $3.4 Million Tax Exempt Bond.
- Article from:
- Business Wire
- Article date:
- June 24, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON -- Boston Private Bank & Trust Company, a wholly owned subsidiary of Boston Private Financial Holdings, Inc. (Nasdaq:BPFH), announces the completion of construction of the 24,000 square-foot headquarters of Central Boston Elder Services (CBES) in Dudley Square, Roxbury. The project, which is funded through an innovative tax-exempt bond, is the first new construction in Dudley Square in more than 40 years, and will create new jobs and services in the community.
The unusual 15-year funding mechanism provides below-market financing for the development, enabling CBES to centralize their programs and services that promote elder self-sufficiency by providing ...