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Fun With Funding!

The historic Globe Building got good news today with the tentative approval of a $2 million tax credit and development plan. We first told you about the building's big fans last January but redevelopment has been a long time coming! The tax credit had initially won approval in 2007 but the national real estate crash ruined that effort. The current plan has been put forward by the real estate development firm Roxbury Group; they will get a state-approved $2-million credit as part of a $12.5-million renovation plan. [Freep]