Word: coffersful
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Besides battles over buildings, a frequent charge city residents make against Harvard is that the tax-exempt University doesn’t contribute its fair share to Cambridge’s coffers.
Shrewd investing, the Internet economy and a strong commodities market combine to create a record $4.8 billion surge in Harvard’s coffers, bringing the endowment to more than $19 billion.
A hired gun brought in to improve ties between Mass. Hall and Boston’s city hall, Grogan opened Harvard’s coffers to needy institutions in the city and kept Boston’s powerful mayor on speed dial.
Negotiations failed, in part, because Cambridge residents conceived of the tunnel as a four-lane wide bargaining chip that it could use to leverage more concessions from the University’s coffers. But the tunnel served practical purposes for students and faculty, and the city of Cambridge could well...
It is equally important that FAS’ dim financial outlook not prevent the University from following through on current commitments. Though it has been necessary to put some planned projects—like the long-awaited renovations of the dining halls in Dunster House and Mather House�...