Quincy, Massachusetts is embarking on a big downtown redevelopment project and city officials are eyeing Boston-headquartered State Street Corp. as a possible anchor, The Boston Herald reports.

"That's an anchor we'd love to see," the paper quoted Mayor Tom Koch as saying.

The $1.3 billion redevelopment project is expected to be completed within the next decade.

State Street is no stranger to Quincy. Boston Financial Data Services, a joint venture between State Street and DST Sytems, is headquartered there. 

Edited by: Armie Margaret Lee


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