Who Benefits from the Amendment?

Amendment Winners and Losers
A look at who wins as a result of the recently passed zoning amendment – and who pays the price.

Who Wins

Big landlords – An illuminated sign atop a big building is a valuable commodity. Landlords reap the benefit of this in the form of higher rents, profiting from increased income immediately and a higher price when the property is sold.

Politicians & lobbyists – The amendment replaces the stringent zoning variance process with a much more subjective special permit process.  That opens the door for politicians and lobbyists to “influence” the Planning Board.  We can anticipate an increase in lobbying fees and campaign contributions to accompany the flurry of new special permit applications for signs.

Microsoft – The amendment clears a path for Microsoft to erect a large illuminated sign high above the river that will be visible to anyone viewing Cambridge from Beacon Hill or the Back Bay or entering the city via the Longfellow Bridge.  And, once Microsoft sets the precedent, how many more signs will follow?