Why Quincy Rejected a Big Property Deal

Quincy’s city council recently said no to a $22 million plan to buy a closed college campus. The vote in the finance committee was 6-3 against it, based on a live discussion online. Many leaders felt the city’s debt was already too high to take on more. With debts around $1. 8 to $2 billion—higher than most Massachusetts cities of similar size—some argued this wasn’t the right time for such a big purchase. The mayor had pushed for the deal, which involved 27 acres of land at 23 East Elm Ave. The city had agreed to buy the property back in April. Supporters saw it as a bargain, since the land was valued at $58 million. They believed the city could sell some homes, use the theater for local students, and keep the sports facilities open for community use. The price tag was less than half its assessed value, which made it seem like a smart financial move.But critics weren’t convinced. They pointed out Quincy already owns too much property that isn’t making money. Some buildings sit empty for years, costing the city in upkeep without bringing in revenue. One council member even called the deal an unrealistic opportunity unless the city could truly afford it. The debate wasn’t just about the price—it was about whether Quincy could handle another long-term financial burden. The decision shows how tough it is for cities to balance growth and debt. Big purchases can look good on paper, especially when prices seem low. But without a clear plan to use the property wisely, even a great deal can turn into a problem. Quincy’s leaders now face the challenge of finding other ways to meet the community’s needs without adding to their already heavy debt load.