Word: allstoned
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...Harvard’s schools debate budget cuts, Allston residents face the possibility that funds previously reserved for the University’s expansion plans could be diverted to yet-to-be-determined projects. Since 2001, the strategic infrastructure fund—a 0.5 percent levy on the endowment of all of Harvard’s schools—has set aside money for financing projects in Allston. The fund contained $140.5 million as of 2007, according to Harvard Magazine. But in light of considering departmental budget cuts of 10 to 15 percent, faculty members—often critics...
...arts-related projects—”provisionally dubbed the ‘Hothouse.’” The report also stressed that representatives of the Harvard arts community should have a seat “at the table” for discussions about the ongoing Allston expansion...
...plan for Allston,” someone speculated, drawing what the Faculty’s minutes for the meeting described as “thunderous laughter...
...Asked by a professor during yesterday’s meeting to comment on the status of the Strategic Infrastructure Fund—a 0.5 percent annual levy on the endowment that has traditionally funded Allston development—University President Drew G. Faust suggested that the money could be put towards other projects in present circumstances...
...date, these funds have been directed to the Allston project,” Faust said. “But depending on our decision about the planning and pacing of Allston over the next period of time, we may decide that here are other necessary uses for those monies given the financial challenges we are facing at all levels...