Word: buildin
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Dates: during 2000-2009
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...lengthy 2003 President’s Letter to the Harvard Community on Allston Planning dedicated only a brief, vague paragraph to the costs that would be incurred (a to-be-defined “formidable financing challenge”). Subsequent letters were similarly quiet on the subject.BORROWING TO BUILDIn most cases, Harvard uses a mix of debt, philanthropy, and University resources for capital construction—a financing scheme the University intends to follow in Allston, according to Chief Financial Officer Dan Shore. But concerned that Harvard was lagging behind its peers in scientific prowess, Summers-era administrators made expedience...