Murdochâ€™s News Corp will build out, rather than immediately sell, a key tract of waterfront land that itâ€™s poised to acquire from long-time South Boston land owner Frank McCourt, according to a News Corp. executive.
The deal could close in a matter of days.
â€œThe first thing weâ€™ll be doing is contacting City Hall,â€? said the News Corp. executive. â€œItâ€™s a great city and a great site for potential development.â€?
Oh, this could be good news. Or it could end up dragging things out, until the year 2525.
Source: Murdoch to build in Hub – By Scott Van Voorhis, The Boston Herald