Word: acree
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It is unfortunate, then, that certain local politicians, including Boston Mayor Thomas M. Menino, are working to thwart Harvard’s attempt to acquire a 91 acre parcel in Allston from the Turnpike Authority. By trying to block the sale, state leaders are pandering to anti-Harvard sentiments instead...
Harvard offered about $20 per square foot for most of the 91 acres, but for the contested 1.4-acre parcel made a separate offer—bidding about $80 per square foot—easily topping Houghton Chemical’s $500,000 bid.
Harvard’s latest effort to expand its holdings of local real estate met resistance this week from Boston’s mayor and other influential officials, who say they want more time to review Harvard’s $75 million bid to buy a 91-acre parcel of...
Some local politicians have also demanded the Turnpike Authority reconsider the sale of the only contested part of the 91 acres: a 1.4 acre section also bid on by Houghton Chemical, a business which partially resides on the land.
The debt-ridden Turnpike Authority announced the parcel’s auction in January after years of back-and-forth discussions on the potential for the land, which is split down the middle by turnpike roads and crisscrossed by CSX railway tracks. In 1997, the Turnpike sold a less-encumbered...