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City Councilor Mike Ross said Charles Street on Beacon Hill is an example of a business district where retail is being strangled by too many street-level banks.
Clusters of banks can strangle the retail vitality of certain Boston streets, warned City Councilor Mike Ross.
Ross said Charles Street on Beacon Hill is an example where too many "big box banks" are buying up storefronts at inflated prices mom and pop shops can't afford. The resulting row of banks deadens what could be lively retail zones.
"It’s not right for every street to make this 'No Bank First Floor' zoning change, but I believe it’s right for Charles Street on Beacon Hill," said Ross, who represents District 8.
Ross said that banks close at 5 p.m. and aren't open on weekends, all of which has a deadening effect for the neighborhood businesses.
He made his remarks at Wednesday's City Council meeting. The matter will be taken up by the Committee on Government Operations.
In other news from the meeting:
Back Bay residents, what do you think? Let us know in the comments.
Diane Keliher
10:41 am on Thursday, May 10, 2012
Mike, that is great. How about Newbury St as well.