A group of residents is currently pushing measures to stymie new real estate development around Central Square. The residents are trying to down-zone the area, and have already succeeded in putting a pair of planned construction projects on the shelf. They’re doing all this in the name of preserving Central Square. That’s a problem, because Cambridge residents can’t just wish the real estate market away. They can stand by and get steamrolled, or they can harness development as a tool for creating broad public goods. “No’’ isn’t an option.
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