It’s time for the annual turkey shoot, where we look at the biggest development flops, fizzles, thuds, duds, snafus and mediocrities in the making across the Bay State.

I am especially thankful this year for some particularly juicy turkeys, all dressed, seasoned, patted down and ready for our roasting pleasure.

Especial thanks to Bruins owner Jeremy Jacobs and his predictably underwhelming Garden renovations, and all the good folks behind such epic misfires like GE’s move to the Seaport, Boston’s failed Amazon bid and the perpetually dysfunctional buildout of the old South Weymouth Naval Air Station. Oh yes, and let’s not forget the North-South Rail Link – here’s looking at you, former Guvs Dukakis and Weld!

Here’s a list of the top five development boondoggles. Ready, aim, fire:

GE’s Headquarters Move

Remember all the breathless coverage of GE’s move to Boston’s Seaport? Those endless stories of how Boston and state officials courted the corporate giant and crafted just the right incentives to get GE to abandon Connecticut? And the scramble by Boston Mayor Marty Walsh and Gov. Charlie Baker to find a helipad for GE’s then-CEO Jeff Immelt?

Today, few could even name the company’s current CEO, the legendary Larry Culp. He happens to be GE’s third chief executive over the past two years as investors have finally caught up to a failed corporate strategy that has tanked the company’s stock and left GE battling for self-respect, if not survival.

And there’s a big question mark over GE will build that promised headquarters high-rise, despite millions in various city and state incentives. Fortunately for GE it withdrew its helipad demands more than a year ago. At this point, the company would probably have a hard time getting some at City Hall to fix a parking ticket.

Garden Renovations – Good Money After Bad

The $100 million in recently announced renovations to the Garden by

Jeremy Jacobs and his sports and concessions empire, Delaware North, is the latest attempt to put lipstick on a pig. The Garden was one of the ugliest, un-fan-friendly and soulless new sports arena in the country when it opened in the mid-1990s, and age has hardly improved it.

Amazingly, the new renovations are meant, in part, to give the Garden its first official front door, with the dark and dingy entryway to North Station having served the purpose for more than two decades.

The planned expansion and renovation has the look of a suburban mall circa 1995, providing Delaware North with the chance to pack in more over-priced concessions. Fenway Park is worth renovating. A wrecking ball and a do-over would be the best thing for the Garden.

North-South Rail Link

The Baker Administration came out with a $15 billion estimate on what it would cost to dig out a mile-long rail tunnel under downtown Boston to link North and South stations.

It certainly sounds like Big Dig redux, but the project’s two leading proponents, Dukakis and Weld, just won’t go away. New tunneling technology will mean the job can be done for a few billion, not $15 billion, the former governors insist.

With all due respect, the Big Dig was born during the Duke’s reign and began ballooning in cost under Weld. And even if they are half-right – let’s say it only costs $9 billion – that’s $9 billion better spent on improving the wretched condition of the state’s existing commuter rail and subway lines.

Failed Amazon Bid

If Boston was really serious about pursuing the Amazon H2Q project, it should never have put forth Suffolk Downs as a top option. With its clogged roadways and restive East Boston neighbors, the old racetrack is far from prime-time ready.

But apparently, city and state leaders think companies like Amazon are so eager to come here that they will set up shop just about anywhere – while also conveniently helping to energize long-lagging efforts to tackle our housing and transportation woes. (A similar line of flawed thinking was used by supporters of Boston’s stillborn Olympic bid.)

Newsflash – Jeff Bezos is running a business, not a nonprofit. Only we can solve our problems, and the Boston-area will see a lot more companies like Amazon pass us over unless we can find a way to bring down home prices and make commuting endurable again.

Big Gobbler in South Weymouth

Infighting has been the name of the game over the two decades local

municipal leaders and developers have squabbled over how to redevelop the old South Weymouth Naval Air Station. (There’s been a name change or two since then – it’s now called Union Point.)

Developers keep trying to land a home run – vying unsuccessfully for the now Worcester Red Sox – but don’t seem to be able to even manage their own affairs competently.

The latest installment in this long-running saga on how not to redevelop an old military base came this fall, when the current developer, LStar Management, sued its former CEO, claiming he blew $70 million on “foolish” spending and managed to alienate local bankers, business people and politicians. Not exactly confidence inspiring.

Scott Van Voorhis is Banker & Tradesman’s columnist; opinions expressed are his own. He may reached at sbvanvoorhis@hotmail.com.

Trot Out Those Turkeys

by Scott Van Voorhis time to read: 4 min
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