News
Garber Announces Advisory Committee for Harvard Law School Dean Search
News
First Harvard Prize Book in Kosovo Established by Harvard Alumni
News
Ryan Murdock ’25 Remembered as Dedicated Advocate and Caring Friend
News
Harvard Faculty Appeal Temporary Suspensions From Widener Library
News
Man Who Managed Clients for High-End Cambridge Brothel Network Pleads Guilty
Planned renting of the Boston arterial highway through Chinatown and the garment industry area may cost be city $400 million and one-fifth of all the manufacturing jobs in Boston, Seymour E. Harris '20, Professor of Economic, told a television audience Friday night.
Both ends of the new super-expressway have already been built, but the connecting, stretch across the city is still unstarted. Right of way to property in the highway's path must first be bought and the buildings eventually destroyed.
Wipe Out 200 Firms.
Experts have estimated that the route would probably completely wipe out 200 firms in the downtown garment district with gross receipts of $200 million a year.
Commenting on the effects of the construction on Boston's economy, Harris said, "This means that the people who have lost $200 million will not spend money, and therefore, most economists will agree that in such a situation, the total loss might be $400 million."
There will be jobs lost too. "Let it be remembered that there are roughly 100,000 manufacturing jobs in Boston," Harris said, "and manufacturing provides a large part of the total income of Boston."
"The apparel industry which will be destroyed by this contemplated action accounts for 20,000 employees. Therefore you will have removed one-fifth of all jobs directly," he continued.
Move to South
The move comes, Harris said, at a time when more and more of the garment industry is moving away from New England. "The Commonwealth of Massachusetts proposes by this route to go out of it way destroy the manufacturing industry of Boston," he said.
Even as Massachusetts makes this proposal, the South is building plants for manufactures who want to come down there. The South goes out of its way to build plants in order to entire New England industry, while at the same time Massachusetts proposes a policy which will destroy our plants and destroy Boston industry."
Want to keep up with breaking news? Subscribe to our email newsletter.