Word: developmentally
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The Harvard Corporation's decision, which comes just months after the University announced that its endowment dropped an unprecedented 30 percent last fiscal year, was based on the “altered financial landscape of the University, and the wider world,” which “necessitates a...
The letter emphasized that that the University would continue its "commitment to a program of active stewardship in Harvard properties." Faust's letter announced a new plan for Harvard's presence in Allston, consisting of three phases—"property stewardship and community engagement; campus planning and greening; and campus...
Additionally, the University will extend short-term lease contracts and engage real estate brokers to "reach more potential tenants for Allston properties." Faust also emphasized that this first phase will also involve the continued development of the University's public service programs in the neighborhood.
The second phase of development in Allston will involve greening the community, through the completion of Library Park--a public park for the neighborhood.
General campus development in Allston, the third and final phase of the new plan, will occur "as resources allow and only after a targeted evaluative process that will begin next month." The process will be led by a new guided Work Team "with expertise in design, urban planning...