Economic Benefits

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Investing in Jamaica Plain and Boston's Future

At a time when Boston faces both a housing shortage and growing fiscal challenges, projects like The Magnolia are increasingly important.

The Magnolia represents a significant private investment in Jamaica Plain that will create housing, generate economic activity, and contribute new tax revenue to the City of Boston.

With large-scale housing construction slowing across the city, Boston needs thoughtful projects that can move forward, create homes, support jobs, and strengthen the tax base.

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Economic Benefits Include:

  • New tax revenue for the City of Boston.

  • Construction jobs and economic activity.

  • Increased support for local businesses and restaurants.

  • Productive reuse of an underutilized property.

  • Long-term investment in neighborhood vitality.

  • Housing production at a time when citywide housing construction has slowed significantly.

Three middle-aged adults, two women and one man, dining together at a restaurant, toasting with white wine glasses. They are seated at a table with plates of food, smiling and engaging in celebration.
Three middle-aged adults, two women and one man, dining together at a restaurant, toasting with white wine glasses. They are seated at a table with plates of food, smiling and engaging in celebration.

Boston needs more housing and new sources of tax revenue. The Magnolia helps deliver both.

Boston needs more housing and new sources of tax revenue. The Magnolia helps deliver both.