Releasing certain land use restrictions held by the commonwealth in the city of Revere

Where it is in the process

Plain-English Summary

This bill would allow the state to remove restrictions on a specific parcel of land in Revere owned by the Festa Towers Irrevocable Trust. These restrictions currently limit the land to parking and prevent its use for increasing the building size of adjacent properties. The removal of these restrictions requires the trust to pay the full market value of the restrictions, as determined by an appraisal reviewed by the Inspector General. Additionally, at least ten percent of any housing built on the land must be affordable housing for twenty years.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

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· PrimeJoint Committee on State Administration and Regulatory Oversight

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