State Hospital Plan Wouldn't be 'Hollywood East'
Developer meets with planning board.
A reuse concept for the Westborough State Hospital site would be “exactly the opposite of ‘Hollywood East,’” the developer says. DiasporaCapital CEO Anton Nel told the planning board Thursday night that “we can do film much smarter in Massachusetts than they do in Hollywood.” Nel said his vision for the state-owned state hospital site has a film industry component, including a soundstage, as well as “a boutique hotel”; retail; keeping the town’s playing fields there, and upgrading them with lighting and wheelchair access; adding an amphitheater for community use; saving every building, if possible; and preserving “the ambience that exists at the moment.” Nel, attorney Christopher Senie, and Randy Waterman of Waterman Design Associates …
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Peter M. Russell
3:08 pm on Tuesday, January 29, 2013
As an fyi, assuming that any existing environmental conditions at this site are addressed via remediation prior to development, any further environmental liabilities that may arise in future years can be effectively transferred to an insurance carrier by way of a Pollution Legal Liability insurance policy. This is a mechanism that is frequently used these days to facilitate major real estate … more ›