Word: allstoned
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...those North Allston residents who hoped to see their neighborhood revitalized by the expansion of Harvard’s campus, the past few weeks have not brought the desired holiday tidings...
Early last month, Harvard President Drew G. Faust announced that the University would indefinitely halt construction on the Allston Science Complex in the early spring due to financial constraints. The roughly $1 billion project represents the first component of Harvard’s ambitious 50-year plan to construct an extension of its campus across the Charles River...
...Moody's credit rating report issued last April said that Harvard was considering halving its capital spending and new debt issuance, and the University recently announced that it would be halting construction of its Allston Science Complex, the roughly $1 billion cornerstone of the University's future campus across the Charles River...
Despite reining in its ambitious Allston expansion plans, Harvard has continued to push forward with other campus construction and renovation projects, including at the Harvard Art Museum and Arnold Arboretum. Law School administrators decided last year to continue construction of HLS' Northwest Corner Building, in spite of University-wide efforts to cut expenditures, because the project would have been more expensive to halt than to continue, according to Law Professor and then-Interim HLS Dean Howell E. Jackson in interviews last year. Administrators did make modest changes to the plan by deciding not to demolish buildings adjacent to the expansion...
Harvard first announced plans in February to slow construction on its much-touted Allston Science Complex due to financial pressures and an unprecedented drop in the endowment. And to top off the University's financial woes, Harvard’s multi-million dollar Allston development fund had been all but wiped out by the financial crisis as of early March, scuttling the hopes of some Harvard faculty and administrators that the money could be diverted toward their own strapped budgets. Allston residents feared Harvard would halt construction on the science complex—a core component of the University?...