Word: allstoned
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...Harvard’s other two income streams—tuition and fundraising—also shrank, with gift receipts down 8 percent. Over the past year, massive budget cuts across the board resulted in slowed faculty hiring, 275 layoffs, early retirement incentives, as well as a slowdown in Allston construction. Capital spending is expected to decrease by roughly 50 percent, Faust said, to keep spending in line with the University’s new fiscal constraints. In contrast to the bleak financial picture Faust detailed, the event ended on a relatively positive note, with Faust pointing to examples...
Because of these hurdles, Harvard refrained from including the 91-acre-parcel—referred to as Allston Landing South—in its 2007 draft Institutional Master Plan, which outlines the University’s development goals for the next 50 years. Portions of the smaller 47-acre-parcel—known as Allston Landing North—were slated for development during later phases of the timeline...
Harvard spokeswoman Lauren Marshall emphasized that the state’s latest announcement “changes very little regarding the state of Harvard’s property at the moment” and that it would be “premature” to begin planning in Allston Landing South, where CSX operates its Beacon Park railyard. But she noted that discussions with the State and CSX “provide optimism that...opportunities for regional economic benefit from this property are closer to a reality...
...primary and largest entry points for freight shipping to New England. Under Wednesday’s agreement, which reportedly is to be implemented over the next few years, the State will pay $100 million to CSX to take over various railroad tracks and railyards, including those in Allston. The acquisitions are expected to improve and expand commuter rail service in and around Boston...
Additionally, Harvard still holds responsibility for connecting the Allston and Cambridge communities; Allston development cannot occur in a bubble. Harvard has already taken certain steps to ensure this. Members of the Allston educational portal were given free passes to Blodgett Pool this past summer, and Allston residents also receive discounted season tickets to Harvard football games. However, Harvard can continue to do more to open up our facilities and share our physical resources as well as our monetary ones...