One Man, One Street, And A Whole Lot Of Revitlilization

28 March 2006 - 6:00am

For Michael McGough, the restoration of Dix Street in Boston's Dorchester neighborhood has become a personal mission.

"When builder Michael McGough made his first real estate shopping expedition to hardscrabble Dix Street in Dorchester about 10 years ago, he walked a gantlet of sidewalk auto repairs before encountering prostitutes, junkies, and bags of trash in the apartment building he was checking out.

But McGough saw beyond all that. He had a vision.

'I said, "I'll take it!"' McGough recalled recently, standing in the penthouse unit of another property he has since rebuilt across the street.

McGough's vision -- at least initially -- was limited to the project at hand: transforming the $200,000 building into decent rentals. Little did he know that the next decade of his life would become a mission to renovate Dix Street itself, dilapidated house by house, as the street's period architecture and Dorchester soul tugged at his heart -- and his wallet."

Full Story: Man With A Plan
Source: The Boston Globe, March 26, 2006

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Seeing the value

These are the stories I love to read. A developer that sees the untapped value of a particular location and takes advantage of the opportunity to revitalize a place, while taking great care to work with the community and accomplish his goals, but making sure to be sensitive to the community.

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At a much larger economic scale, however, one mustn’t avoid calculating the tremendous and exceptional externalities of automobile dependency.