Just in time for the casino licensing sweepstakes in the state of Massachusetts, the town of Revere is reported to be ripe for an economic explosion. According to a post from The Daily Item, Revere is one of nine North Boston suburbs which the Massachusetts chief of economics has named as “poised for an economic boom,” He compared the city’s thriving economy with that of Brooklyn, NY when he stated, “There are those who want to use the analogy of a Brooklyn, and I would say that is not a bad comparison.”
You Need a Revere Lawyer for Real Estate Transactions!
The comparison to Brooklyn stems from the reason for the economic boom of these areas north of Boston. When New York real estate became to over-priced for young professionals, middle class families, and startups, Brooklyn saw a boom in new businesses, housing sales, and other areas of the real estate market. The same is now happening in the areas north of Boston. As prices continue to rise in Boston and Cambridge, real estate in both areas is less and less attainable for those who would otherwise move their homes and businesses to the area. This is causing an explosion of development opportunities for Charleston, East Boston, Somerville, Medford, Everette, Revere, Winthrop, Chelsea, and Malden. A good Revere real estate lawyer can help developers, small businesses, and even families to take advantage of these changes.
Get Ready for the Casino!
Greg Bialecki, the Secretary of Housing and Economic Development has spent the last 4 months touring the areas to the north of Boston, and added Revere to the list of 9 areas which he and other officials feel are ripe for an explosion in not only the housing market but in business as well. This is great news for those hoping to develop a casino, or any other type of business, as well as those looking into purchasing a home or other real estate. Of course, to take full advantage of such an economic boom, one would benefit greatly from the advice of a good Revere attorney.
A lawyer who understands the Economy
Bialecki explained to the Daily Item that, “We’re trying to help get the word out to businesses and investors to think about these places, when they maybe wouldn’t have thought about them in the past.” He expects the “innovation economy” to at least double in the next decade, and feels that Boston and Cambridge will not be able to accommodate the growth. If you would like to discuss taking advantage of this economic explosion, give one of our Revere lawyers a call today.