Word: allstoned
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Christopher M. Gordon, chief operating officer of the Allston Development Group, will be stepping down from his position this summer due to the halt on construction of Harvard's Allston campus, the University announced today...
Faust announced in December that the University would be halting construction of its $1 billion Allston Science Complex, the centerpiece of Harvard's planned 50-year expansion into Allston, due to financial troubles. Harvard's endowment shrunk by 30 percent last year amidst the recession...
Similarly, other schools like the Harvard Graduate School of Education—which was promised a piece of the Allston campus that the University envisioned in 2003—have had to reevaluate plans to reflect the changed timeline of Allston expansion...
Faculty and administrators at schools affected by the indefinite halt in Allston expansion say the problem is not unmanageable...
...pleased that the University is making an effort to uphold certain commitments even in spite of budget cuts. Development of the University’s Allston project has somewhat stalled this year due to cuts, but some encouraging progress has been made in certain areas, including a land concession that allows residential development, helping dull the negative effect that halting construction could have on Allston development. We are also glad that the University plans to continue its long-needed project of renewing undergraduate housing despite the budgetary pressure and believe that increasing living space, social space, and privacy...