1. Springfield Housing Authority finalizes, defends purchase of 60 Congress St. building for $4.65 million

    Springfield Housing Authority finalizes, defends purchase of 60 Congress St. building for $4.65 million

    The Springfield Housing Authority recently finalized the purchase of its new headquarters at 60 Congress St., with its executive director defending the price tag of $4.65 million, citing its location, condition, rental income and parking.

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    1. When a buyer buys, we are making a business decision, what is a good deal for us in a business sense.
    2. Even considering all of that, it seems like a home-run for the former property owner.
    3. A rational investment in the downtown economy is great.
    4. It would have cost twice as much to construct equivalent space new, even assuming that one could find a location in Metro Center to do it.
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