a loss of $19 million to Gattineri had the original price been honored. Lohnes and DeNunzio immediately signed, but Gattineri refused, frustrated not only by the additional requirement of signing the certificate but also still reeling from the discounted land price. MGC then asked the three partners at FBT (Lohnes, Gattineri and DeNunzio) to sign a certification stating that the proceeds from the land sale, even at the discounted price, would not be shared with anyone else. The pressure was on for Gattineri to sign the certification but he grew suspicious over the intentions of his business partners.
We’ll just sit on that site for the rest of our lives.” Every single person in Everett will hate us.
If we back out, the only thing that will be developed on that site will be us cleaning it up, and the cleanup will be miserable because they’ll be all over us. Lohnes told Gattineri, “First off, we’re in a no-win situation. Lohnes visited Gattineri at his home on Sunday, Novemto try to convince Gattineri to accept the discounted land price.
