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politics4h ago
Developers wanted Michelle Wu out. She’s still here. Now what? - The Boston Globe
- Wu begins a second term amid a deep freeze in relations with Boston's real estate developers and business groups.
- Developers funded Wu’s primary challenger while she won decisively, shaping a tense political landscape.
- Wu re-upped her bid to raise commercial property taxes to fund housing, signaling rounds in a long-running tax debate.
- NAIOP and the Greater Boston Chamber of Commerce pushed back on Wu’s development plan.
- Boston’s housing shortage persists despite development pace, complicating the city’s economic outlook.
- Experts say public-private collaboration is needed, but current frames keep them at odds.
- Urban development slowed in 2023 and 2024, with developers redirecting projects elsewhere.
- Some developers expect Wu to use housing tools to restart construction and improve ties.
- Wu’s record highlights a shift toward affordable housing and green energy at the potential cost of development speed.
- Analysts see a need for urgency to balance housing goals with business interests.
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