Boston University has played a positive role in renewing the neighborhoods in which it has a presence. Kenmore Square, a major gateway to Boston and to the University, is a case in point. In its heyday, Kenmore Square was an important hotel and transportation center. By the 1970s, Kenmore Square had turned into a neighborhood frequently described as run-down and derelict.

In 1983, the University decided to expand and relocate its bookstore to one of Kenmore Square's neglected buildings. Designed by a leading architect of bookstores, the Boston University Bookstore has had a major stabilizing influence on the area, while contributing to the economic health of the regional bookstore industry. In 1994, the University formed a partnership with the nationally known bookseller Barnes and Noble, expanding the bookstore's range of offerings to people in the community.

Since 1988, the University has invested in its Kenmore Square properties* more than $4.5 million in regular maintenance and $355,619 in major renovations and repairs, and has paid more than $3.9 million in taxes to the City of Boston. Boston University remains committed to Kenmore Square's revitalization and works closely with residents and business leaders to improve the Square's retail health, appearance, and safety.

The University has also improved Audubon Circle, a neighborhood bordering the southern edge of the Charles River Campus. Beginning with the 1966 purchase of a Buswell Street building, the University sparked a renewal of the neighborhood.

Boston University spent $3.1 million to renovate its Audubon Circle properties. By 1994, the University had invested $8.8 million on maintenance and utilities. It also paid the city more than $420,000 in taxes owed by previous owners. In FY 2004, the University spent $1,397,951 on maintenance and utilities.

*  Nearly half of the Kenmore Square properties have been demolished and replaced by the  Hotel Commonwealth.

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