Boston Sampler – By Steve Bailey, The Boston Globe:
I went to a downtown hotel yesterday to hear the trustees of Harbor Towers explain the sky-high costs of renovations to condo owners — and promptly got tossed out of the “private” meeting. Not to worry.
A letter to residents outlines the costs, and they are much higher than I led you to believe in last week’s column about the failing systems in this concrete waterfront eyesore.
The costs for the two towers, according to the letter: $75 million to $95 million, depending on the extent of the overhaul. The assessment on condo owners, based on the higher estimate, ranges from $79,772 to $239,804.
Mind you, that is $79,000 – $239,000 … per owner. Per owner.