Word: cohn
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...there was at least one other potential buyer who offered more money and less development than Land-Vest did. In 1971, Albert L. Cohn, a Law School alumnus and Vineyard summer resident, offered Harvard $1.1 million for the property, proposing to divide it into only 27 lots and to set aside 199 of the 320 acres as common land. Cohn's plan met with the approval of the Vineyard Open Land Foundation, a non-profit group interested in protecting the island from excessive development...
There is some disagreement about why the deal with Cohn fell through. "Cohn never made us an offer of any kind," Kraetzer says emphatically. "He talked about things, but there was never any concrete proposal. We felt that he was not-I won't say not responsible-but it was perfectly obvious he was not serious...
...serious offer," says James F .Alley, Cohn's broker, just as emphatically. "My client was not a facetious person." Alley says Harvard made it clear it was not interested in Cohn's proposition because it wanted $500,000 more than he had offered...
Jonathan K. Walters '71, a third-year Law School student and Harvard Legal Aid Bureau member active in local rent-control issues, told a public hearing audience of 200 people November 21 that board members Alfred Cohn and Paul Watkins own rental properties in Cambridge and therefore have "a direct pecuniary interest" in the board's decisions...
Eugene G. Kraetzer Jr. '29, who worked on the agreement as an assistant secretary to the Corporation, confirmed that Harvard had received offers of over $1 million. Although Kraetzer said last week that Cohn "never followed up on the thing," in a 1971 letter to Cohn's real estate broker he wrote that former treasurer of the Corporation George F. Bennett'33 was disappointed with Cohn's offer...