HALE, C.J.
In 1971 the Newburyport Redevelopment Authority (Authority) invited proposals from developers for the rehabilitation of certain properties located within an urban renewal project in Newburyport. The plaintiffs submitted a proposal to the Authority for the redevelopment of a parcel of land (Parcel 11) within the project. In October, 1971, the Authority designated the plaintiffs as the developer of Parcel 11 and authorized its executive director to negotiate...
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