The Boston Redevelopment Authority initially offered the Red Sox a "temporary" 10-year deal worth $10 million for game-day concession rights of Yawkey Way, but ultimately caved to the team's demands for permanent rights to the street for all Fenway events at half the price, newly released documents show.
When pressed by the Herald yesterday to explain why the BRA did an about face, the agency released a statement from its acting director, Brian Golden, acknowledging it was a bad deal for Boston taxpayers — but one that its present leadership had no part orchestrating.
"The BRA's current senior staff would not recommend the deal that was approved and executed in 2013. The agreement should not have been permanent. It should have provided the public with a share of the revenue generated on Yawkey Way. There also should have been ample opportunity for public comment and scrutiny of the proposed deal," Golden said.
Golden, a former state rep who was secretary of the BRA when the deal was approved by the BRA board Sept. 26, said neither he nor the BRA's staff lawyers were involved in the transaction. The deal, now under investigation by the state inspector general, gave the Sox exclusive rights — in perpetuity — for Yawkey Way and Lansdowne Street air rights for $7.34 million. The value of Yawkey Way was calculated at $4.8 million.
"The deal was negotiated by two individuals that no longer work for the agency, and current staff members are not in a position to explain why the proposed terms changed over time," BRA spokesman Nick Martin said, referring to former BRA chief Peter Meade and his chief of staff and special counsel Jim Tierney.
Neither Meade nor Tierney returned messages last night.
According to a Dec. 7, 2012, BRA report titled "Proposed Term Sheet," the BRA was initially looking to replicate the length of a previous 10-year deal it had with the Sox for Yawkey Way that was set to expire after the 2013 baseball season.
"BRA shall grant to the Red Sox a ten (10) year temporary 'game day' easement, with one (1) ten (10) year option," stated the document, later marked "confidential" by BRA lawyers, but released to the Herald under a public records request. "Red Sox shall pay One Million Dollars per year, increased by 1 percent per year."
The Red Sox, according to the document, countered by demanding the BRA grant the team permanent use of Yawkey Way for 10 hours during all "Fenway events," including baseball games and concerts, totaling 120 dates per year, for a total price of $5 million.
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