The Ticker

Written By Unknown on Rabu, 18 Maret 2015 | 23.14

State terminal move questioned

Gov. Charlie Baker's energy and environmental affairs chief yesterday said whether the New Bedford marine terminal that Cape Wind planned to lease as a staging area for its Nantucket Sound wind farm was worth the state's $113 million investment is "subject for debate."

"Would I make that investment today? No," said Matt Beaton, who also leads the board of the Massachusetts Clean Energy Center, the quasi-public state agency that owns and manages the terminal. After the termination of two power-purchase agreements, Cape Wind last month told the center it was "amenable" to the center's proposal to terminate the lease.

The center did not respond to requests for comment. Cape Wind spokesman Dennis Duffy said, "The project is moving forward."

Boston income inequality No. 3

Boston had the third-highest rate of income inequality among 50 cities nationwide in 2013, according to a new report from the Brookings Institution. The report found top household incomes in Boston were at least $239,837, or 15 times those near the bottom who earned $15,952. Boston ranked No. 4 in 2012. Atlanta was No. 1 in the nation in income inequality, followed by San Francisco.


THE SHUFFLE

Simon Property Group Inc. has named Colin Vito as its new regional director of operations for New England. Vito will work on all property management, facility management and day-to-day operations for Simon shopping centers in Massachusetts, New Hampshire and Maine.


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