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Downtown Boston Development Plan Moves Forward

A developer is moving forward with plans to build a pair of skyscrapers as part of a $2.2 billion development in downtown Boston despite the poor economy.

Ted Raymond, chairman of Raymond Property Co., filed plans with the city on Monday to demolish the Government Center Garage and replace it with two glass office towers, one with 42 stories and the other with 52 stories.

The plan also includes a hotel, stores, restaurants, and two residential buildings.

A representative for Raymond, Justine Griffin, tells The Boston Globe that the developer has strong financial partners who would finance him once he receives city approvals, hoped for within 18 months.

Raymond is still working to acquire some of the land.

This program aired on March 3, 2009. The audio for this program is not available.

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