Hotels: Nearby international luxurious hotels include Fullerton Bay Hotel, Pan Pacific Hotel, Marina Mandarin Hotel and Marina Bay Sands Hotel.Ĭondominiums: There are also several prestigious residential buildings like Skysuites Anson, One Shenton, 76 Shenton Way, Eon Shenton, V on shenton, Marina Bay Suites, The Sail which are highly sought after by locals and expats. Night entertainment: If you are a party goer, you can head down to Singapore’s number 1 entertainment area around Mohammed Sultan, Boat Quay and Clarke Quay to party all night long. Nearby local food centers include China Square Food Centre, Golden Shoe Hawker Centre, Maxwell Road Hawker Centre and Market Street Food Centre for you to enjoy local delicacies. Malls: Nearby mega malls like Far East Square, Capital Square, China Square Central, The Arcade, Chevron House, Marina Bay Sands, Chinatown Point and many more others which have a myriad of amenities like eateries, retail shops, supermarkets and banks.įor more dining options to satisfy your taste buds, head down to the restaurants along Raffles Quay, Boat Quay and Market Street. There is a cluster of exciting amenities around here: He also said that the company had already opened its headquarters there two months before receiving the credit.There is nothing more energizing and exciting than reveling in the pulse of the city. The economic incentive program is designed to encourage companies to locate in designated ''blighted" or ''distressed" areas.īut Sullivan, who first raised the issue of the tax break in a report last year, has noted that the Seaport district, often described as prime waterfront property, was not a distressed area. Romney's economic aides approved the tax credit to Manulife for relocating its office from the Hancock Tower to the Seaport district in South Boston. ''I have called for the money to be returned."Ī spokesman for Manulife did not return a call from the Globe seeking comment. ''The Manulife tax break was one of the egregious abuses of this program in its history," said Sullivan. The governor's Executive Office of Economic Affairs approved the Manulife tax deal as part of the Economic Development Incentive Program. Romney is using personal funds to pay for the rent. Some real estate specialists said the office space could cost more than $75,000 a year, if it were the usual market rate. It also restricts the governor from making modifications to the space. On Wednesday, Fehrnstrom rejected a Globe request for the lease details, including the price, but he noted that the at-will agreement, which has a 30-day termination clause, is not what the average tenant demands. The office suite offers a spectacular view of the region.įehrnstrom said the governor has a one-year lease, but that he is a tenant ''at will" and could be asked to leave at any point because the landlord is actively marketing the space. The rent for an office in one of Boston's premier buildings normally runs over $50 a square foot, real estate specialists say. 1 for the office, where aides say he will conduct personal family and political business. The Globe reported yesterday that Romney signed a sublease agreement with Manulife on Sept. I hope the governor rethinks his deal with Manulife." ''The entire arrangement looks quite inappropriate. Johnston, chairman of the Massachusetts Democratic Party. ''It is critical that the public know whether Romney is receiving an inappropriate financial break on his rent," said Philip W. Sullivan reiterated his strong criticism of the tax break that the Romney administration approved for Manulife in 2003. The disclosure of the rental price for space on the 59th floor of the John Hancock Tower was made after the Democratic Party called on the governor to release the information and Inspector General Gregory W. ''By making the rent public, the governor is going beyond what is required by law to demonstrate that the price is fair, based on the price of leases," said Eric Fehrnstrom, Romney's director of communications. He also said that Romney was not involved in the decision on the company's tax break or in the state's regulatory oversight of the firm. Governor Mitt Romney is paying $58,350 annually from his personal funds to rent space in one of Boston's most prestigious office settings from a firm that two years ago received a $7 million tax break from his administration.Īfter initially rejecting a request for information about the rental cost, Romney last night disclosed the one-year lease price for the 1,354 square feet he is subletting from Manulife Financial Corp., a company that is regulated by the governor's insurance commission.Ī spokesman said the governor released the information to make clear that he is paying a fair rent.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |