The University of Massachusetts Boston has hired a real estate broker to seek potential buyers of 20 acres of oceanfront property, which could net the school many times what it paid for the land in 2010.
Any revenue generated by development of the former Bayside Expo Center site “will be earmarked for the Boston campus, including to address critical infrastructure needs,” said Jeff Cournoyer, a spokesman for UMass President Marty Meehan, in an email…
One of the abutters to the old Bayside site is the Boston Teachers Union, which has its headquarters on Mount Vernon Street. President Jessica Tang said the union’s plans to build a new headquarters have been held up by talks over what happens at the adjacent site — first the Olympics proposal, then the Kraft soccer stadium.
Because university officials have talked about creating a “new Harvard Square,” Tang said, “building a new headquarters right smack in the middle of that development area might not be the best use of the land.”
She added: “That’s why we are open to conversations.”