Business

Business Headlines: New Developer For Filene’s Site; Negative Super Bowl Impact

By Lisa van der Pool, Boston Business Journal
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The site of the former Filene's in Downtown Crossing (file image)

The site of the former Filene’s in Downtown Crossing (file image)

BOSTON (CBS) – It could be the end for Boston’s most famous eyesore.

After three years, a developer is taking charge of the hole in Downtown Crossing.

The former Filene’s Basement site has been a hole in the ground since Vornado’s plan to build a 39-story building fell apart when their funding ran out.

The mayor’s office tells us the firm Millennium Partners is taking over.

They’ll let the city know within 60 days what they’re going to do with the site.

But it’s too late to save Filene’s Basement, which was supposed to move in way back in 2008.

Back in November, Filene’s Basement announced it was closing all of its stores.

NOT SO SUPER BOWL

All the excitement of the Patriots in the Super Bowl probably won’t translate to a huge boom in the local economy.

Economists tells us, if there’s any impact at all, it’s more likely to be negative.

You think about all the food that goes into Super Bowl parties,

but that just means one less meal gets made at home.

But, as you can imagine, food joints like Domino’s Pizza and brewers like Sam Adams are expecting huge spikes.

Watch Lisa’s report:

Lisa van der Pool of the Boston Business Journal can be seen weekdays at 6 a.m. on WBZ-TV.

You can follow Lisa on Twitter at @lvanderpool.

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