Murdoch’s News Corp will build out, rather than immediately sell, a key tract of waterfront land that it’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.

“The first thing we’ll be doing is contacting City Hall,� said the News Corp. executive. “It’s a great city and a great site for potential development.�

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

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Updated: January 2018

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