Re: Columbus Center
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Wilkerson: Columbus Center not seeking public subsidy[/size]
by Linda Rodriguez ● managing editor ● Thursday Jul 10, 2008
http://www.mysouthend.com/index.php?ch=news&sc=&sc2=news&sc3=&id=77215
The developers of the Columbus Center are not seeking public subsidy to jumpstart the stalled project, State Sen. Dianne Wilkerson told
South End News July 9.
Wilkerson said that she?s been meeting with the developers of the massive project since they requested an 18-month moratorium construction from the Massachusetts Turnpike Authority, the holders of the land lease, in March. At no point have they discussed additional public subsidy for the project, she said. ?My considerations have been ?What are we going to? Is there a remedy? Is there an answer? Is there a way to get back on track??? she said. ?If there is, we should know soon and if there isn?t, we should know sooner.?
On July 2, the
Boston Globe published an article indicating that the developers of the Columbus Center were in meetings with Wilkerson to ?push for additional taxpayer assistance? for the project. Alan Eisner, longtime spokesman for the developers, confirmed to the
Globe that developers were meeting with Wilkerson to discuss public subsidy; the reporter was unable to reach Wilkerson. However, a July 7
Banker & Tradesman article quoted Wilkerson, who said that the developers were not discussing possible public subsidies with her. In that article, Eisner is quoted as saying that meetings with Wilkerson did not focus on any more taxpayer assistance.
Contacted on July 8, Eisner said that in the wake of the two recent articles,
the developers are no longer commenting. ?What?s happened because of all these articles, I think the developers at this point really aren?t going to comment in the press any more,? he said. ?There?s been a lot of distortion of our positions; for the time being our standard response is going to be, ?No comment.??
Wilkerson, speaking to the
South End News, said that discussions with the developers have been about how the developers can ?shore up? and how they can move forward in a way that doesn?t require the city or the state ?to write a big check.? ?There has been what I think an aggressive series of discussions on both the city and state level, but it hasn?t been about how we can get more money,? she said.
The Columbus Center project was proposed more than a decade ago, as a way to reunite the South End and Back Bay. At that time, the cost of the luxury condominium-hotel high-rise complex, to be built on a deck constructed over the Turnpike was an estimated $300 million; since then, the rising cost of construction has inflated the cost to more than $800 million. Wilkerson lays some of the blame for the delay - and therefore continually increasing price - with the Turnpike Authority. As of now, the Turnpike?s lease with the Columbus Center developers remains in limbo after the moratorium caused several amendments to it to be withdrawn from consideration. Over the course of the project?s lifetime, the Turnpike Authority also saw three different directors overseeing lease negotiations.
?This dramatic increase in the project cost over the last few years has come as a result of the musical chairs at Mass Turnpike. They are all critical players, but we?ve gone through three directors,? she said. ?There?s been little focus at the helm.?
Wilkerson said that she believes the focus right now is figuring out whether or not the project will be able to take off, adding that she thinks developers are close to an answer. ?I think this limbo ... is just unfair,? she said, especially to the residents of the streets surrounding the project. ?I think [the residents have] been incredibly patient for the duration of this project, but I think they?re growing increasingly anxious while we try to figure out what?s going on.?
Residents have been anxious about the seeming inaction on the site; in a June 26
South End News article, one resident said that he felt as if the city and state didn?t care about the people on his street (see ?No News on Columbus Center,? June 26). Though construction on the Columbus Center project began in November 2007, the developers asked for the 18-month moratorium on construction in late March, citing concerns about their finances and ?capital structure.? Since then, the construction site, swathed in green hurricane fencing, has been virtually abandoned, as the developers have scrambled to find funding for the $800 million project in harsh economic times.
At a May 27 meeting with the Bay Village Neighborhood Association, Turnpike Authority director Alan LeBovidge told residents that the Turnpike would be making a decision on whether or not to grant the construction moratorium within a month. Mac Daniel, spokesman for the Turnpike Authority, said that the Turnpike is still in talks with the developers over the terms of the moratorium.
?Alan LeBovidge said he hoped to get back to [the Bay Village residents] within a month with an answer and obviously, negotiations have not allowed us to do that yet,? he said, adding that the Turnpike is hopeful that the project will recover.
In the mean time, a few clean up efforts on the street have already been realized, although Cortes Street residents have reported recently that the site is becoming a de facto dump for local trash. The developers are still employing Project Place, the South End-based nonprofit that provides jobs for homeless and formerly homeless individuals, to keep the site clean. A resident parking only sign, another concern of the residents, will also be restored to the street this week, according to the Boston Redevelopment Authority.
Eisner declined to comment on any clean up or mitigation efforts the developers may be undertaking for the residents of Cortes and Isabella streets, adding that they won?t comment ?until there?s something constructive to say.?