By adamg on Wed., 5/27/2015 - 11:07 pm
Initially, a public authority (e.g., City of Boston affiliated Industrial Development Authority) will fund land acquisition and infrastructure costs while the OCOG budget will assume the costs associated with the construction and restoration of the temporary stadium structure, Olympics back-of-house and warm-up areas. A private sector development group will be selected for the proposed development of the project that will provide funds to pay for the debt service on the initial financing utilized for land acquisition and infrastructure costs.
Neighborhoods:
Free tagging:
Like the job UHub is doing? Consider a contribution. Thanks!
Ad:
Comments
you're
By cybah
Thu, 05/28/2015 - 1:02pm
You're just a big whiney baby who's unpatriotic.
-- Shirley Leung
here's all I really want
By anon
Thu, 05/28/2015 - 1:11pm
is someone to calculate what the tax payers of Milton are going to be looking at it if this goes through.
is there a triple inverse etf for massachusetts bonds?
By anon
Thu, 05/28/2015 - 7:04pm
we all have to make money off the scam of the century, one way or another.
the lies, they make my brain hurt
By bibliotequetress
Thu, 05/28/2015 - 7:54pm
I'll have to go back and look at exactly what Fish et al promised, but does anyone else feel like the the goalposts keep being moved on how "Olympic project" and "public project" are defined with the Boston2024 plans?
Here's why I bring up Fish-- he promised at every meeting I attended (he had a stump speech) and repeated in his op-eds that he would not bid on any construction for Olympic purposes. This pledge was echoed by some other Boston2024 players. But every time I turn around, it seems like some specific Olympic facility or development is redefined as, well, not Olympic, or something.
SO what exactly can he bid on, or not bid on?
Can he bid on a stadium that has "legacy" use as something else?
He's probably a genius
By anon
Thu, 05/28/2015 - 8:30pm
Step 1- start Olympic movement, get the bid
Step 2- step away from the bid so you aren't face of the games for 9 years
Step 3- quietly get tons of money developing 'midtown' through 3rd party partnerships
I love how they talk about
By Rob
Fri, 05/29/2015 - 2:41am
I love how they talk about "financing" and "debt service".
So, we'll be paying out of one pocket to cover the interest on this debt until it's time to pay out of the pocket to repay the debt.
About the only thing missing from this sleazy little picture is a lender (controlled by pro-IOC, pro-Boston2024 parties) who will come on the scene to offer us financing.
Isn't Visa traditionally
By roadman
Fri, 05/29/2015 - 12:57pm
a sponsor of the Olympic games? I think you've got your answer then.
Pages
Add comment