On Brookline Reprise (4).
By Jim Conley • Jul 3rd, 2007 • Email This Post to a Friend •
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Last week the Brookline Selectmen put Robert Allen on sentry as the Town commits more public funds to the slippery slope at St. Aidan’s. Allen was one of the first in official Brookline to push for the housing development at the Church site and has been nothing if not contemptuous of the neighborhood.
So why tap Allen? It can’t be because of his intellect or ethic. No, it must be due to his facility in handling complex real estate transactions, like the below-market purchase (from a Brookline real estate management company) of a Stoughton condo. Read about the deal here. Who knew that a condo purchase could be so complex?
Jim Conley is publisher of On Brookline.
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Do the Selectmen expect a HAIL MARY real estate miracle from Bobby Allen? Can Bobby reach the end zone before he comes up for reelection next May? Or will he “retire” and go through the Town Hall revolving door?
In “The Producers” Max Bialystock provides the three basic rules of investment advice for a play producer:
Rule 1: “Never put your own money in the play!”
Rule 2.: (Louder) “Never put your own money in the play!!”
Rule 3: (Shrilly) “NEVER PUT YOUR OWN MONEY IN THE PLAY!!!!”
Perhaps this advice also applies to real estate developers/investors.
Does this suggest that Brookline is the wealthy widow with a walker being wooed by Max to fund his play?
Soft loans? Or soft heads? It’s hard to distinguish.