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T loses money on property generating $8 million in rent
By adamg on Thu, 07/16/2009 - 7:35am
The Globe reports on the financial arrangement between the MBTA and the private company that leases South Station.
Dan Grabauskas blames Fred Salvucci, who hasn't been in office for 20 years. The Outraged Liberal asks:
... So if this is a problem of 20 years, why hasn't anyone noticed it before, least of all the crackerjack MBTA management that is trying to pinch every penny to avoid fare hikes?
Reader Chris Rich wonders just what is in the severance deal that Grabauskas negotiated for himself that leaves Deval Patrick unwilling to pull the trigger and dump Danny early? Obviously Grabauskas must has some contract skills.
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Comments
Severance deal for Grabauskas? Remainder of 5-year contract pay
Following the link provided by the commenter at the Outraged Liberal, the Boston Globe story says that Grabauskas' severance package gives him the remaining amount in his 5-year contract:
When does Grabauskas' contract end?
Another Aloisi Mess
The Globe reporter Jim Aloisi was part of the crack team that negotiated this bad lease agreement. Looks like Salvucci/Aloisi saddled the T with a 30 year mess.
actually, it was Romney
Acutally, as Romney was finishing up his 1st term, even though he knew he wasn't running again, he gave his pal Grabauskus this ridiculous contract.
And Romney, the oft self described financial whiz, WAS governor for four years so if he had bothered doing any work while in office maybe he would have found this and gotten a better contract.
How to let an MBTA manager go without paying out contract
Require him/her to commute and get around town only by T. Within a month, they'll be demoralized and frustrated to the point of resigning. :)