Fan Pier Developments | Seaport

TheRifleman said:
That is the entire problem with you GOVT hacks. Your trying to justify and determine what the valuation is on these properties in reality the markets decide what the valuation is on a asset (supply & demand). But because we have so much corruption going on in GOVT & Federal Reserve Bank (the Govt spending is completely out of control)

So to tell us on this board that the valuations of a particular asset on what it should and shouldn't sell for is price rigging by city officials. This is what is supressing development in the city of Boston also with all its bullshit height restrictions which really should only be determined by the FAA. This is the city of Boston we should have highrises around 800 to 1000ft.

Zero/Sum Game. So knowing the Financial district is almost 15% vacant and struggle to fill in the supply, Rents continue to remain stagnant.

In reality the Fan Pier situation:
Massachusetts Taxpayer Perspective/Business owner in the city of Boston
Fallon a private developer who buys Fan Pier and trys to create jobs by recruiting a tenant. This is the private developer job to entice a tenant to rent your building not the taxpayers.

A. Vertex no matter what will stay in Mass and expand which continues to pay its taxes

or B. Read my Ace in the Hole Shirley Kressel Below.



How you like them APPLES?
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I realize this is becoming off topic, so I will keep this brief. I read by Ms. Kressel's editorial. I also went to the source and read the legislation regarding the I-Cube subsidy. It is a subsidy for the entire $3 billion Fan Pier project, and not just Vertex, as is framed is Ms. Kressel's article. The state funding must be used for roads, parks, sewers, and other public accomodations. You don't know me, but if you were to ask anyone who did, they would tell you I've been consistent in my blunt opposition to private developers funding any sort of public accomodation (roads, parks etc.) I think its a slippery slope and when any sort of large investment is being made by private enterprise, I think its fair for governments to pay for accomodations that will be used by the general public, whether linked to the specific development or not. (The only exception to this would be a newly created road in a suburban subdivision. There is really no public incentive to create single family homes in the burbs)

Unfortunately, the state and city are playing hot potato with who would cover the shortfalls, should they occur. (There is afterall, a chance they won't). But that's more a symptom of dysfunctional government than Fallon or Vertex.

And for the record, I do not work for any government agency nor have I ever. I did cover state and local government for a newspaper in Connecticut for a few years, so I do know my way around government operations and legislation. I am not a Hack. I just disagree with your framing of the argument.

P.S. It's very easy for you and Ms. Kressel to say these companies would never have relocated. At this point, there is virtually no risk of you being wrong. ;)
 
found5dollar said:
can some one remind me again where to find the "ignore" feature.....
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Click on the member you wish to ignore, then select the user lists drop-down, and pick the ignore list. I think that should work.
 
BostonObserver said:
And everyone knows this is because of FAA regulations and this has been discussed for years on this forum so what have you added new to this forum? Anyone notice how few of the old timers post here anymore.
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speaking as an old-timer. i only check in now for pictures and ignore most of the comments. unfortunately.
 
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The courthouse looks so dated. Which is kind of terrible given that it only opened in 1999.
 
They are dredging the center of the lagoon to make it deep enough to dock and operate a high speed ferry from the dock on the south side of the lagoon. Not sure which high speed ferry (Ptown?) the project supervisor was refering to.


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PoMo is definitely entering a déclassé phase, which is why most of the Boston skyline looks so stagnant now.

That said, I'm not sure the Fan Pier buildings look all that "fresh" in contrast. Vertex looks like it could've popped up in a Dallas office park circa 1977. Cheap late period modernism.
 
Arborway said:
The courthouse looks so dated. Which is kind of terrible given that it only opened in 1999.
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It's a courthouse. Aren't those supposed to look dated? The weight of 237years of justice and whatnot.

Too many racing stripes on the south building from those west and north perspectives, and I'm not a huge fan of the aluminum grid on the north building. But, overall they look pretty good. Too bad the massing of both is so similar, with the podium jutting on the same side of both and matching setbacks and high rise portions. Mix it up a little. Alternate sides, have a multiple step effect on one. Differ the podium heights between them.....
 
BeeLine said:
They are dredging the center of the lagoon to make it deep enough to dock and operate a high speed ferry from the dock on the south side of the lagoon. Not sure which high speed ferry (Ptown?) the project supervisor was refering to.
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Hopefully the answer is "The Jeffries Point Ferry", but we know that not likely. For what its worth the east river ferries in NYC are high-speed-ish, and the same thing would work here if they would extend it to chelsea and charlestown, but at any rate they are not deep draft ...

(/daydreaming)
 
Dare I say I'm starting to like the first Fan Pier building? Alone it looks terrible, but it looks better now that it's not a lone ranger out on the waterfront...that said it'll look better when even more buildings can cover it up.

"Individually we are weak, like a single swig, but as a bundle we form a mighty faggot!" - Martin Prince
 
News from their Facebook this morning:

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FAN PIER BOSTON - January 18, 2013 - The barge in FAN PIER MARINA is performing "side casting" in preparation for our Public Transportation Dock which will be installed this Summer ! The new Transportation Dock is now being built in Maine and will arrive here this Summer. Exciting progress for more water activity in the Fan Pier Marina this Summer.

Also:
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FAN PIER BOSTON - January 18, 2013 - The barge in FAN PIER MARINA is performing "side casting" in preparation for our Public Transportation Dock which will be installed this Summer ! The new Transportation Dock is now being built in Maine and will arrive here this Summer. Exciting progress for more water activity in the Fan Pier Marina this Summer.
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I'm gonna give the PR person who wrote this the benefit of the doubt and assume it's part of some bet to see if they could end every sentence with the same word.
 
Even more likely, she left out the part, "And I finally graduate college, THIS SUMMER!"
 
What services will leave from this dock?

There used to be a Fan Pier dock for boats from Lovejoy Wharf, but the T stopped running those after the Big Dig ended.
 
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