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Article: United States : Two biotech plans seeking approval at Town Meeting.
- Article from:
- TendersInfo
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. 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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Byline: pinto03
Two large development proposals that could boost Lexington s growing reputation as a home for biotechnology are about to come up for a vote.
In separate proposals, Lexington Technology Park developers Patriot Partners and Cubist Pharmaceuticals Inc. are seeking to build a total of about 500,000 square feet in research and office space that could generate almost $3 million in tax revenue for the town each year.
In the midst of a tough economy that has strained state and local budgets, the Board of Selectmen s chairman, Norman Cohen, said the development proposals offer an important opportunity to create new revenue.
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