Jeannemarie Joyce

The board meeting will cover an update from the Executive Director and reports from the Executive Committee, Development & Construction Committee, and Administration, Finance, & Personnel Committee. Specific discussion topics include a litigation update, senate committee requests, and a strategic plan business model update. The Development & Construction Committee will address land assembly, the modernization of North Lobby escalators, and concession stand upgrades. The Administration, Finance, & Personnel Committee will present the operating budget summary and the proposed capital budget for the next fiscal year. Additionally, the agenda includes planning for an upcoming board retreat.

The agenda includes a vote on the Strategic Plan update regarding land assembly. The committee will also consider votes for the modernization of the North Lobby escalators and upgrades to the concession stands at the facility.

The agenda for the meeting includes an executive session to discuss litigation strategy. Additionally, the committee will review requests from the Senate committee and receive an update regarding the strategic plan and business model, followed by the discussion of old and new business items.

The committee reviewed the January year-to-date and month-to-date financial performance, noting revenue and expense trends across various venues including the MCEC, Hynes, and MassMutual Center. Updates were provided on ongoing projects, including account balance remediation, upcoming audits, and general ledger optimization. The committee discussed the fiscal year 2027 budget schedule, highlighting a transition to department-driven budgeting and the use of event management tools for revenue forecasting. Additionally, the committee planned two future meetings in April to review capital project budgets.

The committee reviewed the Boston Common Garage and Lot on D operator contract, ultimately recommending the award of the management contract to Propark. Financial updates were provided, including the December 2025 YTD and MTD performance and an overview of the upcoming FY2027 budget schedule. Additionally, the committee discussed the Surplus Property Initiative, which facilitates the auction of obsolete authority assets to maintain financial responsibility and transparency.