If Massport adopted the same policy as the BRA on requiring developers to divulge names of equity partners, it would shed light on the silent investors on bids to build an $800 million mega hotel in the Seaport District, the head of the city authority said yesterday.
"People should know who is having a significant development interest going in their neighborhood and how they have behaved.
There are community groups and neighbors who might be OK with a development proposal but not happy with the development team," Boston Redevelopment Authority Director Brian Golden said in interview after an appearance on Boston Herald Radio.
"They deserve to know what their reputation is, what their history has been, are they solid citizens, and solid performers."
Golden explained that one of the driving forces behind the disclosure requirement his agency adopted last year is that it aims to expose any conflicts of interest among investors in a development project, particularly among BRA staffers or their relatives.
"One important reason for that is to do a conflict-of-interest scrub," he said. "We need to know who is investing in projects for our own parochial interests so we could identify conflicts of interest between investors who might be related or have some kind of connection to BRA staff."
Massport is overseeing the bid process for the proposed 1,200-room headquarters hotel on Summer and D streets that is part of the $1 billion expansion of the Boston Convention and Exhibition Center.
The authority has not released the six bids by developers to build the hotel and does not have a policy requiring equity partners to be divulged.
But Massport CEO Thomas Glynn told the Herald this week that the BRA edict is a "good idea" and he hasn't "ruled out" adopting a similar policy.
The Herald reported earlier this week that two former board members of the Massachusetts Convention Center Authority — former U.S. Sen. William "Mo" Cowan, who also served as chief of staff for former Gov. Deval Patrick, and developer Dean Stratouly — are part of a development team looking to land the hotel deal.
The MCCA board and Massport's board will each vote to choose the winning bid.
Golden, while appearing on Herald Radio's "Morning Meeting," also blasted the controversial deal that gave the Boston Red Sox the right to use Yawkey Way forever as the "consummate behind-closed-doors, opaque transaction."
Golden said a new policy, requiring the agency to hold public meetings and a 10-day open comment session before giving away city-owned land, will greatly increase transparency and prevent what happened in September 2013, when the agency kept the public in the dark on the terms of its deal with the Red Sox up until just before the board's vote on the $7.3 million pact.
No public forum was ever held.
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