Word: buildering
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Booming land prices seriously affect the big housing developers, who must construct more expensive homes to recover the cost of the plot and thus risk losing their mass market. Dallas' Centex Construction Co., the fourth biggest U.S. home builder, had to go 20 miles outside Chicago to find land cheap enough for its middle-income Elk Grove Village. The asking price for virgin land 30 miles from San Diego-with no houses around, no sewage or water service-is $3,500 an acre. Sometimes the price can kill a project. After land along a Houston freeway doubled in price...
...Government purchase or lease of existing unoccupied structures. In his freshest innovation, the President offered a three-part program to combat the "space-consuming, unplanned and uneconomic" sprawl of suburbia. Johnson would 1) grant direct loans to help communities set aside land for future public facilities, 2) insure subdivision builder loans to install basic facilities such as sewer and water lines, and 3) insure private community developer loans to help finance land for schools and parks. All this is expected to boost spending some $150 million by fiscal...
...Defective & Deficient." Understandably, the VA thought that the original builder ought to foot the repair bill. The Justice Department agreed. What made the matter touchy was the fact that the hospital was built by Millionaire Philadelphia Contractor Matthew Henry McCloskey, 70, a veteran Democratic fund raiser, inventor of the $100-a-plate dinner, treasurer of the Democratic National Committee for seven years and, since 1962, John F. Kennedy's ambassador to Ireland...
...Secretary of State Thomas C. Mann (TIME cover, Jan. 31), Sanz and his committee will tackle the ticklish, difficult task of pinpointing aid needs, channeling requests and making recommendations on how Alianza funds should be spent. He has high credentials. Educated as a civil engineer, Sanz was a successful builder for ten years. Moving into politics, he became one of the best mayors Bogota ever had, served in four different Cabinets, was twice Ambassador...
...major difference among the U.S. designs is in the wings. Drawing on its experience as builder of the Air Force's RS-70, which will be rolled out within the next two months, North American has used the combination of a small stabilizing fin and a delta-wing for its SST design. Lockheed's proposal features a delta-wing design similar to the Concorde's. Boeing's design is the most advanced, employing a "variable-sweep" wing that can be adjusted to different settings. By extending its wings, Boeing's SST could take...