Seaport Square (Formerly McCourt Seaport Parcels)

shmessy said:
http://www.forbes.com/sites/montebu...urt-gets-bailed-out-with-sale-of-the-dodgers/

http://www.forbes.com/sites/brianso...ourt-escapes-dodgers-with-860-million-profit/

For those of you above who may still be under the impression that Frank McCourt is something students of public policy need to emulate.

Hey, why not a Bernie Madoff School of Business????

And then there is this from the LA Times this week:

http://www.latimes.com/sports/dodge...nation-20130918,0,6260243.story#axzz2fsJsK9LW
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So if Donald Trump wanted to donate $50 million (fat chance, I know) to create a new business school somewhere, said institution should refuse the donation because some of Trumps companies have previously filed for bankruptcy? Last I checked, filing for Bankruptcy protection was perfectly legal and is a tool utilized by countless businesses at one point or another in their history. I don't view anyone's donation any differently simply because they once had a business that needed to reorganize under the protections of the laws of the United States.
 
BosDevelop said:
So if Donald Trump wanted to donate $50 million (fat chance, I know) to create a new business school somewhere, said institution should refuse the donation because some of Trumps companies have previously filed for bankruptcy? Last I checked, filing for Bankruptcy protection was perfectly legal and is a tool utilized by countless businesses at one point or another in their history. I don't view anyone's donation any differently simply because they once had a business that needed to reorganize under the protections of the laws of the United States.
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I never said it should be refused.

I just said Frank McCourt's name on a School of Public Policy was HILARIOUS.

And it is.
 
Speaking of Mr. McCourt, I walked right by him last week as he was leaving an Upper East Side restaurant that I was heading into for dinner.
 
shmessy said:
http://www.forbes.com/sites/montebu...urt-gets-bailed-out-with-sale-of-the-dodgers/

http://www.forbes.com/sites/brianso...ourt-escapes-dodgers-with-860-million-profit/

For those of you above who may still be under the impression that Frank McCourt is something students of public policy need to emulate.

Hey, why not a Bernie Madoff School of Business????

And then there is this from the LA Times this week:

http://www.latimes.com/sports/dodge...nation-20130918,0,6260243.story#axzz2fsJsK9LW
Click to expand...


How can you compare Bernie Madoff to McCourt? Bernie Madoff was stealing everybody's money and sending his customer’s misleading or made up investment statements claiming they were making 8% of their investment each year and on his website had GOVT agency stamps providing accountability & transparency.

McCourt is risking his own money & credit.
 
jdrinboston said:
The Parcel A hotel project slated for the parking lot next to the Barking Crab has been permitted, so construction should be imminent.

http://www.norwichpartners.com/portfolio-20.php

Potentially, a nice little "under the radar" project.
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JDR, totally agree. This hotel project, if it lives up to the renderings and keeps it's promises intact, will be a GEM of a hotel! The rooftop deck/terrace will have spectacular views of the city! Hopefully, they'll have a nice little bar up top, as well.
 
TheRifleman said:
How can you compare Bernie Madoff to McCourt? Bernie Madoff was stealing everybody's money and sending his customer’s misleading or made up investment statements claiming they were making 8% of their investment each year and on his website had GOVT agency stamps providing accountability & transparency.

McCourt is risking his own money & credit.
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What?

Classic.

:D When did he risk his OWN money???? :D


You evidently do not know HOW he bought the Dodgers and how he subsequently drained from the Dodgers credit lines to fuel his and his then-wife's lifestyle.

This guy knows how to use other peoples' credit cards.

___________

Look, I'm done talking about this parasite. My apologies to anyone who, like me, come to this thread to learn more about what is happening with Seaport Square into the future now that the obstacle of Frank McCourt has been lifted.

Onward and upward for Boston! I look forward to the future of this parcel.



.
 
shmessy said:
Classic.

:D When did he risk his OWN money???? :D

You evidently do not know HOW he bought the Dodgers and how he subsequently drained from the Dodgers credit lines to fuel his and his then-wife's lifestyle.

This guy knows how to use other peoples' credit cards.
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I think it was Fox News that sold him the Dodgers which he swapped out his SouthBoston Parking lots along with some cash? That transaction alone is between him & Fox as for running up DEBT and trying to have the future TV contracts pay for the outstanding debt is not like swindling society money and misleading investment organization only to say the company was a Fraud.

Draining the Dodgers credit lines and in the end there was Billions in equity to payoff McCourt so if he drained the Dodgers credit line then why did it sell for almost 2 Billion over the valued price?

McCourt had a CashFlow problem. He was spending more than he makes but in the end the Asset was worth far more than the debt he was carrying.

The Dodgers was the best investment this guy ever made especially not being a billionaire. Pretty Smart guy
 
Haha. Actually, we looked each other right in the eye, me with the, "hey you look familiar for some reason...oh you're Frank McCourt" look and he with the, "oh great, you know who I am...I hope you don't bother me" look.

SeamusMcFly said:
Good thing you were looking down. You might have stepped on him.

Ooooo, low blow.

And another.
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Czervik.Construction said:
Haha. Actually, we looked each other right in the eye, me with the, "hey you look familiar for some reason...oh you're Frank McCourt" look and he with the, "oh great, you know who I am...I hope you don't bother me" look.
Click to expand...

Advice: Check your wallet.
 
TheRifleman said:
You should be saying that about Developer Joe Fallon and the BRA.
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Sorry, Rifleman, some people like progress.

The McCourts and the Bulgers are gone. South Boston is better for it......and is building.

You can choose to mourn over your loss of parking lots.
 
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You're Alvy Singer, right? Didn't we meet at EST?

No, I was never to EST.

Then how can you criticize it?
 
Parcel A is fenced off and there is a construction trailer inside of it. This is the site that has been bought and permitted for a Marriott Autograph Hotel.

When the Watermark Seaport starts (which should be imminent) that will be a lot of parking spots gone in fairly short order (there, Parce A and PwC building site).
 
An Autograph hotel? Usually those are makeovers of old "grand dame" hotels - at least in the US, vs build from the ground up. Their Europe properties tend to be more destination resort-ish. Very interesting.
 
Is there any schedule set for the other parcels? I haven't seen one, has anyone?
 
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