BOSTON – A representative of Nicholas Pritzker, the developer of the Fan Pier in South Boston, announced in a statement that a recent tax settlement of $480 million by the Pritzker family with the federal government will have no effect on the development. The Pritzkers, who control the Hyatt Hotel chain, recently won approval from the city of Boston to proceed with their $1.2 billion development at the Fan Pier site. The development includes a minicity and a Grand Hyatt Hotel, plus luxury apartments along the waterfront. The settlement, which involves a failed bank, will involve payments spread over 15 years, the Boston Globe reported. Evolving Funding Landscape for Not-for-Profits Not-for-profit organizations are being asked to do more with less,…Beyond Cash Donations: How New Forms of Giving Are Transforming Not-for-Profit Accounting
Fan Pier developer says Pritzker settlement no obstacle
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