3/26/98
MIT today released a study of the Boston waterfront predicting the creation of as many as 58,500 new jobs in hotel, office, retail and entertainment industries by the year 2010 as a result of development in an around the South Boston Seaport District. Over and above the Convention Center, this new development is expected to inject salaries, wages and business income of over $2.2 Billion into Boston's harbor economy.
The study also suggested that resulting activity will require development of 5,000 new hotel rooms, over and above the projected 3.,000 currently planned to support the Convention Center.
For more information on this study and on the upcoming Boston Harbor Conference convened by MIT and The Boston Globe in collaboration with WCVB-TV contact Executive Director Thomas J. Piper of MIT at 253-8950.