Shirley Kressel: Why is City-owned land so scarce? Because the mayor has given it away to his developer buddies for private use. In this ideal Chinatown/Theater District location, a large City parcel of land, called Hayward Place, was slated for the Quincy Upper School. But Menino gave it to his friend Tony Pangaro (Millennium Partners) ten years ago, in a rigged bid. See
http://skyscraperguy.yuku.com/topic/417/Hayward-Place-Maybe-A-Decade-Off#.UkxCKRZU4qs.
Pangaro just had to put in a $13 million deposit, and that entitled him to run the parking lot for ten years, making tens of millions of dollars without paying property taxes; and he got to buy it ten years later for the 2003 price, for the residential building going up now. And he was seeking a tax exemption based on "blight," which he will certainly get.
So, that $13 million was supposedly earmarked for...yup, the Quincy Upper School. But Menino recently used it to bail out Cross Harbor Partners, a North End developer who got stuck with a building he couldn't develop as he hoped, at 585 Commercial St., a bulding that CHP paid $10 million for expecting an over-development permit, and that the City assessed at $5.7 million.
Menino claimed credit for buying it for a "downtown school," although it's off on the edge of the city far from the downtown neighborhoods deprived of public schools, in an unwalkable spot, and would need a very costly retrofit. So now, he's pushing for a school in this ridiculous location, a state property, a highway hole that's wildly expensive to build on, again in a highway area at the edge of town, not exactly walkable neighborhood fabric. How many students even live walking distance from that spot?
Menino keeps claiming, and getting, praise for these "downtown schools," raising hopes that they are part of a bigger plan for real downtown schools, but they are not. They are just more of his numberless scams serving development interests (I wonder what construction company is in line for this doozy? Which is the one Menino, Jr. works for?).
The scam train is picking up speed as Menino's term is drawing to an end. But with his last-minute deals for projects and tax breaks and land give-aways (see: Red Sox), Menino is propping open the doors to the City treasury, so the looting can continue long after he is gone.