Ned Flaherty
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- Joined
- Aug 25, 2007
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Re: Columbus Center
Remember that there are forum members and several elected officials still walking around town referring to ?Winn?s? project, what ?Winn? might do next, whether ?Winn? has any money left, etcetera.
They all would benefit by remembering that on 15 March 2006, Winn sold Columbus Center for about $48 million to the California pension plan (CalPERS), and its off-the-government-books subsidiary (CUIP), and its contract investment consulting firm (MURC). Since then, CalPERS-CUIP-MURC has controlled every major decision, including the mid-March decision to halt construction, and the request for a new project calendar spanning 28 years:
13.08 years - Plan (Sep. 1996 - Sep. 2009)
02.25 years - Build Railway & Roadway Tunnels (Oct. 2009 - Dec. 2011)
10.00 years - Delay Construction (Jan. 2012 - Dec. 2021)
02.50 years - Erect Buildings (Jan. 2022 - Jun. 2024)
27.83 years + unlimited extensions for unforeseen, uncontrollable events
Anyone startled by this total of 28+ years should read the documents released by MTA last February:
■ Lease Amendment Summary, page 4 (MTA, 29 February 2008)
■ Lease Amendment, pages 16-17, (MTA, 29 February 2008).
More than any other entity, the continuance, success, and/or failure of this proposal lies in the hands of CalPERS-CUIP-MURC, or ?California? for short.
Calling this "California's" Columbus Center is a disingenuous red herring. . . all frothy and unburdened by reason.
Remember that there are forum members and several elected officials still walking around town referring to ?Winn?s? project, what ?Winn? might do next, whether ?Winn? has any money left, etcetera.
They all would benefit by remembering that on 15 March 2006, Winn sold Columbus Center for about $48 million to the California pension plan (CalPERS), and its off-the-government-books subsidiary (CUIP), and its contract investment consulting firm (MURC). Since then, CalPERS-CUIP-MURC has controlled every major decision, including the mid-March decision to halt construction, and the request for a new project calendar spanning 28 years:
13.08 years - Plan (Sep. 1996 - Sep. 2009)
02.25 years - Build Railway & Roadway Tunnels (Oct. 2009 - Dec. 2011)
10.00 years - Delay Construction (Jan. 2012 - Dec. 2021)
02.50 years - Erect Buildings (Jan. 2022 - Jun. 2024)
27.83 years + unlimited extensions for unforeseen, uncontrollable events
Anyone startled by this total of 28+ years should read the documents released by MTA last February:
■ Lease Amendment Summary, page 4 (MTA, 29 February 2008)
■ Lease Amendment, pages 16-17, (MTA, 29 February 2008).
More than any other entity, the continuance, success, and/or failure of this proposal lies in the hands of CalPERS-CUIP-MURC, or ?California? for short.
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