Money Matters: Kraft Group reportedly expanding Patriot Place

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March 18, 2013, 7:57 am
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(NECN) - Topping our look at business this morning is the FAA, which will release its list of nearly 200 airport control towers set to shut down. The closings come with the loss of about $600-million due to the sequestration. More than a dozen potential closures are in New England. The affected towers will be at smaller airports with lighter traffic.

Massachusetts Congressman Stephen Lynch has introduced a bill aimed at helping the struggling U.S. Postal Service. Lynch calls the bill a "commonsense alternative" that would give the service financial flexibility without affecting mail delivery standards. The postal service is facing a $20-billion budget gap and has already defaulted on several loans to congress.

The “Sun Chronicle" reports that the Kraft Group, which owns the New England Patriots, has plans to expand the shopping area next to Gillette Stadium in Foxboro. Those plans reportedly include a 125- to 150-room hotel, a retail store and a restaurant. An official tells the paper that an official filing will happen in 30 to 60 days.       

Tags: Gillette, FAA, Stephen Lynch, Money Matters, USPS, Patriot Place, Kraft Group, control towers
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