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The Boston Globe

Business

Developer says Fenway Center needs tax breaks

The developer of Boston’s ambitious Fenway Center development is seeking $7.8 million in city tax breaks to proceed with construction, saying the $500 million mega-project could fall apart without urgent public assistance.

John Rosenthal said the project’s ability to generate sufficient returns has been undermined by construction costs that have risen 20 percent since the project was approved by the city four years ago.

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