There is some of this - but also, you need to pay highly to attract high level talent. Why would someone go to the MBTA when they would go to private corporations/engineering and make $500k instead? the MBTA offer needs to be commensurate with competitive private offers to actually attract someone talented/qualified.

Im just gonna throw this out there - you need to be specific about how much demo, material tier, and general changes (plumbing?) that you are talking about in this remodel. If you are just upgrading fixtures/countertops, that is a much different thing than a gut remodel where you move plumbing/waterlines.

But, it will cost a shitload either way.

Elaboration on creating jobs, thought that was an easy connection that more money lends itself to more jobs in the area, as fires and murder do not.

Gentrification = money. Both inherent and disposable in that area. Case study: Southie. When I was younger southie was mostly known for murder and being on fire. Now, not so much at all.

Do you have a job or money? Coming from Argentina you will be in for a massive shock!