Word: complexed
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...Summers’ first bold pronouncements, have often worried that their voices have been muted in a development process largely dictated by the interests of University developers. The situation was brought to a crescendo in February when Harvard announced that it would be slowing construction of its Allston Science Complex, which has been slated as the first step towards realizing the University’s 50-year development framework. The slowdown left an especially bitter aftertaste in the mouths of local residents and some City officials, who say they sanctioned an accelerated approval timeline for the project only because...
...planning and development projects—in order for them to be implemented. Community members and the BRA did successfully negotiate a cooperation agreement with Harvard last spring requiring the University to provide $25 million worth of benefits to the neighborhood while proceeding with the construction of the Science Complex. The agreement is one of the instances where the BRA has drawn praise from Allston residents for skillfully balancing community concerns with institutional interests, but it has not been enough to allay questions about the group’s ability to be responsive to community needs. The BRA has endured...
SOLICITING INPUT Despite these obstacles, many community members see the Science Complex slowdown as a chance for the Task Force to reinvigorate itself—taking a more participatory role in understanding and addressing larger community concerns, such as leasing issues and development of unremarkable commercial areas such as Barry’s Corner and the Holton Street Corridor. “We need to be proactive for ourselves, not just sitting and waiting while Harvard decides if [it is] slowing down its expansion and planning,” Mattison said. “That doesn’t mean...
...situation was brought to a crescendo in February when Harvard announced that it would be slowing construction of its Allston Science Complex, which has been slated as the first step towards realizing the University’s 50-year development framework. The slowdown left an especially bitter aftertaste in the mouths of local residents and some City officials, who say they sanctioned an accelerated approval timeline for the project only because the University had insisted that the complex was vital to furthering life-saving stem cell research...
...works best when a disaster is random, infrequent, and independent from other disasters. This is not the case for mortgage-backed securities. In the housing market, prices are dependent on the surrounding area. A firm can attempt to mitigate this problem by slicing up mortgages and repackaging them in complex financial instruments like collaterized debt obligations, but the risk persists. If enough houses drop in value, others will follow, and this domino effect is the current housing crisis...