Word: conned
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Dates: during 1970-1979
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...Although Con Ed has not approached the University since Bok took office, environmentalists have been hoping for a pledge from Harvard to withhold the land if Con Ed ever gets far enough away from the courts to attempt to purchase...
Environmentalists reasoned that if Harvard were to announce publicly its opposition to the project and its determination to retain its land, Con Ed--which has already spent 10 years and over $20,000,000 in the courts--might think twice about continuing further...
Consolidated Edison, the New York power utility, would need 240 acres of the forest to build a controversial pumped-stroage power project at Storm King Mountain, a plan which has been tied up in litigation for ten years. Con Ed last approached the University concerning purchase of the land shortly before the beginning of the Bok Administration...
Harvard owns about $8.4 million of Con Ed bonds and 3460 shares of stock in the company worth about $83,000, according to the current treasurer's report...
Steiner added that the University's financial interest in Con Ed would not affect any decisions relating to the company...