Word: buying
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Dates: during 1960-1969
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...borrow money for Reston from eighty different sources, including banks, insurance companies, and large corporations. Finally, just five days before the deadline set by Simon's contractors, Gulf Oil made a fifteen million dollar commitment. The price: first mortgage on all of Simon's land, an option to buy stock in Reston, and the only gas station in town...
Even after a city is built, a developer faces obstacles in getting people to buy his homes. Commercial and industrial facilities usually take more time to build than private homes. But companies are reluctant to move in until there are potential employees living in the vicinity. On the other hand, homeowners do not like to be the first ones in a new city. They want to wait until there are stores and jobs in the neighborhood. Some families are repelled just by the idea of living in a preplanned community. Physical remoteness and poor access roads intensify selling problems...
...Trust Company, the Harvard Coop, and Radcliffe College, and Harvard cannot make any plans for the area without their cooperation. Wiggins said that no formal negotiations have started either within the Corporation, or with other property owners on Church St. He added that Harvard has no immediate plans to buy any other property on the street...
Broke in 150 Years. If nothing else, the Chiefs are the best that money can buy. At least eight players on the roster reportedly collected six-figure bonuses for signing, and Rookie Halfback Mike Garrett, the 1965 Heisman Trophy winner from Southern California, got $450,000. To Owner Hunt, that is pin money; he is the son of Oilman H. L. Hunt, who is one of the richest men in the U.S. A family friend once telephoned Papa Hunt, so the story goes, to express concern over the money Lamar was pouring into the Chiefs. "How much is he losing...
This is a lot of fish to let get away. Catholics account for 24% of the U.S. population, buy far more than their share of the average 10.6 lbs. of fish per capita that Americans consume each year. University of Illinois Food Economist William F. Lomasney estimates that the new deal will result in a 10% drop in consumption, which could slice $200 million off the industry's $2 billion yearly retail sales. In heavily Catholic areas such as Boston and Baltimore, the cut could be deeper; when meatless Fridays ended in Canada two months ago, sales in Montreal...