Former Republican City Council hopeful Derek Czenczelewski sent this along:
I made my support of Renaissance very clear before Monday's fiasco. I want you to know that I did so on the solid ground after having done research on this company while in college. To suggest that Renaissance has been anything other than transparent and honest is ridiculous. In addition, Mr. Monti has done numerous public speaking trips on the subject of real estate recovery and redevelopment. He's gone to many colleges, which is what initially got me interested while at UConn in Renaissance Downtowns. I understand Ms. Janelle is trying to back her statements, but the counter arguments are just as easy. She is accurate in saying that there have been some hardships along the way, as there are with all developers, but they have been worked out and moved forward accordingly.The Glen Isle Project was significantly slowed due to the large amount of toxic waste that had to be removed from the site.In addition, the original plan was deemed "too large" for the site, and after some long debate, it was established to scale
the project back a bit. That project is also significantly larger in scale: 56 acres to our 17. She also makes a valid point in that Renaissance has many offers out there, but then again, would you really trust a developer that only has one project on their agenda?
Here are some excerpts that help show the other side:
Dowling College Seminar
Donald Monti, Renaissance Real Estate Group
For more than thirty years, Donald Monti, one of the principals in RXR-Glen Isle Partners, LLC and Renaissance Real Estate Group, LLC, has played a major role in the
development, construction and management of numerous projects representing the hospitality,residential, commercial, health care, retail,marine, and medical sectors.
Throughout his career, Mr. Monti has been extremely involved in community affairs and received numerous honors for his philanthropic endeavors. Currently, he serves on the
Board of Directors for the Don Monti Memorial Research Foundation at North Shore University Hospital. This foundation was established by the Monti Family and is recognized as the premier organization dedicated to research, education and patient care in the field of oncology and hematology in the Long Island Tri-State area. He has also been honored as Man of the Year by the American Red Cross for his philanthropic contributions.
Mr. Monti’s hands-on approach in each of his projects, clearly demonstrates his commitment to excellence in all of his endeavors. His honesty and professionalism have earned him the respect of political leaders, fellow colleagues and members of the community.
Mr. Monti and his wife, Patti, are native Long Islanders, who enjoy spending their free time navigating their boat on the waters of Long Island Sound. They are the proud parents of Robbie, Melissa, Darren, and Justin.
2009 SMART GROWTH SUMMIT
Here's another article (He flat out says that they are in several communities, it was no secret and is basically smart business)
Renaissance Downtowns, a real estate development firm specializing in downtown revitalization projects, recently signed a development agreement for a project in Nashua, N.H. Renaissance's president and CEO, Donald Monti, said he has similar projects in 16 additional cities throughout the Northeast.
"This is a paradigm-shifting recession," Monti said. "The days of 'you build it and they will come' are over. We feel very strongly that the new business model will be centered on revitalizing our suburban downtowns, and New England is a perfect region to focus these
What Ms. Janelle failed to inform everyone of, is that the Glen Isle project has several developers and contractors involved...if anything, this proves that Mr Monti was being honest about getting other local developers involved (aka: D'Amato, Carpenter, Laviero et all)
Scaling down the project
On the new partnership.
...This issue at hand was over building height and number of units, with Monti holding firm in his assertion that the project should contain taller buildings and more units, with the Mayor being fearful of such a project and from public pressure to not make Glen Isle into "a city." They wanted the project to be smaller. Very similar arguments were made during the Blueback Square negotiations.
Hope this clears up some of the issues being discussed
Copyright 2009. All rights reserved.
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