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Anybody read today's Business section. https://www.bostonglobe.com/2020/07/29/business/mass-eviction-ban-heads-court-its-attracting-attention-nationwide/ So you don't have to pay rent anymore in the major cities? :D

I believe MP has alot of Govt & state options to make this work. #1 PPP loan #2 billion dollar 0% interest rate loan from the Govt (hopefully the rates could go negative) #3 100 year tax abatement . #4 Section 8 The building (Guarantee rents at market rates) That would most likely make...

Then wouldn't that mean they might have overpaid for the parking garage?

Could somebody please explain in economic terms why Winthrop Building cannot be built especially if Mass has a housing shortage? Why not convert the entire tower into housing. Forget commercial. There is a demand for affordability. Why is this not being a address in Boston?

What is the difference between the FED buying the junk bond markets vs allowing the state to buy a skyscraper to help the housing crisis in Mass. Maybe the FED can allow the states a 0- Interest rate loan? Can MP convert all the commercial sq footage to 100% residential since they have no...

I hope we don't see a hole in this area in downtown. Why not let the state govt buy back this building and build subsidized housing or section 8 skyscraper in the area?

Millennium Partners raises some questions on how cutting corners can lead to disasters like this development in San Fran. https://www.theguardian.com/us-news/2019/aug/29/millennium-tower-san-francisco-settlement-leaning

I thought construction financing works through phases? Banker/Investment financing goes through a process to keep the funds in line. Foundation- 5-Million Structure- 10-MIllion Interior- 20 mIllion Exterior - 20 million Ect--- Not all funds are released only by different timelines.

I think the condo market becomes the rental market for a while.

The Winthrop Garage could possibly be the new hole in the city so it will most likely need solutions. I think the so called luxury condo market in city of Boston will most likely see a turbulent market for a couple of years. Maybe MP could subsidize there million dollar rental units for...

There is demand in living in the city but at what price? I'm sure the public would buy condos at 80K-200K a unit and they would fill vacancy fast. The problem is how much ROI is it for MP to actually build the building and actually profit from it? Under the current market conditions and the...

I'm not part of the project team but I was walking around downtown and it is looking very grim and dismal. There are many retail stores that just gave up in the area. I'm sure they will bounce back and I'm sure something will be built in this location in the next real estate cycle.

Why lock the thread if the project is still in progress? Maybe you should ignore the thread if the negativity is bothering you. Not all projects turn out positive.

Not a pretty sight: 40+Million unemployed. RIP--Consumer Corporations are unloading their expenditures and cleaning up their balance sheets. Local economies continue to be dead or lock-down. The mindset is changing for the overall American worker to enjoy life not chase the rat race. We are...

More likely factor is the- B: Over-leveraged debt bubble market created by the Fed. *Invincible Boston economy could not handle a 3--Month hiccup without collapsing. I would say that's a solid economic foundation in real estate we have in our city. Whats the Fed into the markets for 6...

The only chance they had was public pressure. The problem is there is no community or public that will pressure this project. Everybody walks on this one and the city will look the other way. Sad but true. 2nd future hole in Boston and this one might last for a while.

Whats your thoughts on Garage Center project? Are they in trouble also? 50 Sudbury St | GCG Phase I | Gov't Center

No seriously everything will be fine on this. Negative rates are coming. This is job creation. Maybe MP can apply for the PPP loan?

Don't be so negative- MP got this, Maybe the city & state can allow a 15 year tax abatement Until the numbers work. Maybe some subsidized housing availability for the citizens of Boston? How can the city go from a housing crisis to a hole in the city in 3 months?

^^^^ Lets stick to the architecture of the building this is border line leading off topic into other factors about the project. There is a Covid -19 thread to follow up on the projects. BRA and other types of comments only lead to the politics of the project. What are you the Rifleman?