The South Shore Tri-Town Development Corporation will be moving thirteen proposed solutions forward to Starwood Land Ventures, the developer of SouthField.
CEO of the corporation Kevin Donovan said all of the proposed solutions can be accomplished without changing current legislation. He added that Starwood has said in past verbal presentations that all of the solutions are things they would be willing to go forward with.
“We want to sit down and commit it to writing,” Donovan said, “It’s just as simple as the fact that if they would work with us, I think we could accomplish great things.”
Board of Directors Member Jeffrey Wall stressed the importance of working “together” with Starwood at their meeting yesterday evening. “In the end, we’re partners,” he said, “Like it or not, we have a contract together, and that’s not being fulfilled. These changes help fulfill it…Let’s show some good faith, and work together.”
Some of the proposed solutions include: that the Board authorize South Shore LLC to immediately procure and finance the water supply and wastewater capacity, that the construction will be timed in accord with the number of completed housing units defined in the current reuse plan, and that the developer immediately presents to the Board development plans for current residential units in order that construction may commence in the Spring of 2014.
“These are all representations that were verbally made by the developer that they have purported to say they have no problem with,” Donovan said.
Matthew Barry, a vice president at Starwood, said Tri-Town’s proposed solutions address three of the four proposed solutions Starwood has presented. “I did not hear any that relate to governance, correcting the challenges of the tax rate, [or] correcting the cost structure of Tri-Town,” he said.
Barry added that he has had discussions with Board of Director’s Chair Joseph Connolly, and they will be meeting in the near future.