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Bidding War Breaks Out For 2 Boston Parking Spaces

NPR
Friday, June 14, 2013

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

The two spaces in Boston's Back Bay neighborhood went for $560,000, according to the Boston Globe. The spaces are on crumbling asphalt in an alleyway.

Transcript

RENEE MONTAGNE, HOST:

And that brings us to our last word in business, which is luxury pavement.

In Boston's Back Bay neighborhood, real estate is expensive, and space is tight.

LINDA WERTHEIMER, HOST:

And so it was that a bidding war broke out there yesterday. According to the Boston Globe, the price for the item in question started at $42,000.

MONTAGNE: And was bid up to a final price $560,000 - which got the winners two parking spots on crumbling asphalt in an alleyway.

And that's the business news on MORNING EDITION, from NPR News. I'm Renee Montagne.

WERTHEIMER: And I'm Linda Wertheimer. Transcript provided by NPR, Copyright NPR.

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