Equilibria
Senior Member
- Joined
- May 6, 2007
- Messages
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Today at the FMCB:
- Nearly all the pre-closing requirements are done.
- 3 sets of plans and agreements with Amtrak and FRA are complete.
- 2 items remain: agreements with an abutter and one more minor one with FRA.
Hynes needs to lock in equity and construction loan (they're very optimistic), but they can't do either of those things until the negotiations are done.
In summary: Hynes needs 8 more months to lock up their financing. They've offered a $750k payment (voluntary fine?) in return, and FMCB has approved. This is the same info BPDA got two weeks ago.
Of course... "we'll build it... if we can find the financing" is a chestnut we've learned to mistrust before.
- Nearly all the pre-closing requirements are done.
- 3 sets of plans and agreements with Amtrak and FRA are complete.
- 2 items remain: agreements with an abutter and one more minor one with FRA.
Hynes needs to lock in equity and construction loan (they're very optimistic), but they can't do either of those things until the negotiations are done.
In summary: Hynes needs 8 more months to lock up their financing. They've offered a $750k payment (voluntary fine?) in return, and FMCB has approved. This is the same info BPDA got two weeks ago.
Of course... "we'll build it... if we can find the financing" is a chestnut we've learned to mistrust before.