Word: coffman
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...nationally known, multimillionaire Harvard graduate is providing much of the anonymous financial backing for Samuel P. Coffman's $7.6 million bid and $100 million development plans for the Bennett St. MTA Yards...
...mysterious financier, who has been identified as a member of an extremely wealthy and well-known Harvard family from outside the Boston area, is remaining anonymous because he does not want to be discovered as bidding against Harvard. Five additional, but apparently lesser backers may also be behind Coffman...
According to Coffman, "the man is an alumnus intimately related to the University, a man above Marshall Field in financial stature." Coffman claimed "there is no man in Boston who could raise the kind of money I am talking about; development plans will run into $100 million...
Harvard officials believe that Coffman might charge the University an exorbitant price for the acres it wants, a price the University probably would...
...Coffman plans to develop the land with an apartment house, a Howard Johnson motor lodge and restaurant, an office building, and a mammoth underground garage. The plane would involve an exemption from zoning regulations. Coffman is confident he can get a change approved. However, the Cambridge Planning Board has refused to make any changes until "an owner" is chosen...