Word: building
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
WHEN Dean of the Faculty A. Michael Spence endorsed a controversial plan to build a hotel on the former site of the Gulf Station in Harvard Square, he signaled victory for Harvard's bureaucratic interests at the expense of its academic mission...
Eventually, she said, so much of the funds were drained that interest did not build fast enough to cover operating costs...
Instead the casinos have sometimes behaved cavalierly -- even arrogantly -- toward their hosts. Under an early, vague requirement that casinos invest in Atlantic City, Caesars Atlantic City Hotel Casino tried to get credit for the $625,000 statue of Caesar Augustus that guards its entrance. Trump promised to build affordable homes in Atlantic City when he bought Resorts International Casino Hotel in 1987. Then last year he sold the casino to entertainer Merv Griffin, leaving Griffin with $925 million in debt. "I gave that obligation to Merv," says Trump now. "He got the debt, and he got the low-income housing...
College administrators vehemently reject that accusation. Increasing tuition charges, they say, merely reflect their own increasing expenses. In particular, they cite soaring costs for building construction and maintenance; salary-inflating battles to woo and keep top-flight faculty members, especially in science and business; and the dizzying price of keeping up with technology, ranging from computerized card catalogs to the latest in lab paraphernalia. Hardware and faculty often go hand in hand: when Duke lured physicist John Madey away from Stanford, it promised to build a lab for his free-electron laser research. Cost: $5 million...
Campeau had created problems for himself at a headlong pace. Even as he scooped up retailers, Campeau made plans to build dozens of big department stores. While he spun off such acquisitions as Brooks Brothers and Bonwit Teller to pay part of his $11 billion debt, he insisted that his remaining chains could churn out enough cash to make interest payments, finance expansion and yield profits as well. Instead, the cash registers rang slowly as the retailing industry suffered from stagnant consumer spending...