Reply to Getting the GDS mojo back

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It's like a public-private partnership with GDS playing the role of the public/dupe, but lacking the regulatory power to get the project approved.  And no private partner seems to have agreed in advance, even contingently, to the deal.  So every time JBG says "jump!"GDS says "how high?"  No guaranteed reward; no clear limit on predevelopment costs the school is willing to bear.  No wonder GDS is reconsidering.[/quote]

Is JBG the developer standing behind the curtain on this project?  I recall reading that some guys from JBG were on the GDS board at some point.[/quote]

Not really behind a curtain.  IIRC, their logo was on the project illustrations in the PUD application.  Michael Glosserman gave the Board advice re the land acquisitions.  I think his son Marc was on the alumn Board at that point.

JBG's structure and portfolio has changed significantly in the past two years.  They weren't ever committed to the GDS project AFAICT.  Don't know if they're even interested at this point -- if they are, presumably they'd have the inside track.[/quote]

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