Word: caspar
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...impossible to say whether this new deal is equitable monetarily. MIT would spend $1.5 million to build a new shelter for CASPAR, in exchange for the four streets. No one knows exactly how much the streets are worth; MIT's claim that they can't be worth more than the $1.5 they're willing to spend is a little suspicious. Independent estimates have set the price closer to $2 million...
...city must demand a permanent commitment to the shelter if MIT is to receive the streets permanently. If MIT won't, then leasing is the only fair deal. MIT works on a giant time scale--they can wait 40 years if they have to. CASPAR, and the people it serves, desperately needs a solution now. The city should not be blackmailed by MIT into selling out the shelter...
Cambridge and MIT have settled the fate of the CASPAR Emergency Services Center and four city streets near the Institute's campus...
...proposal calls for a 20-year lease with the option to extend for another 20 years. The contract needs to be written, councillors said, so that the option to renew the lease lies legally with CASPAR...
...want to insure that the building on Albany Street is renewable on CASPAR's option," Myers said. "And in the event of MIT not continuing lease, that the city could continue the lease or that MIT would offer the city financial remuneration...