Word: gifford
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Dates: during 1990-1999
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...They'd love to say that we caused the problem, but the fact is, the real estate business went bust at that time," Gifford says...
...Gifford, however, says she doesn't see it that way. She says it was important for the fund to fight the project because city officials wouldn't ask tough questions about its impact. The financial difficulties of the developer had to do with the declining real estate market in 1991, not the legal costs, she says...
...years, Gifford and the fund have been synonymous with efforts to preserve Harvard Square as a few small, historic, and unique blocks of greater Boston. In this view, mom-and-pop stores should be the Square's lifeblood; fast-food franchises are the enemy...
...fund's legal losses mount, it is becoming clear that Gifford's preservationist vision does not square with economic reality. The area is, in some sense, a victim of its historic success. With merchants clamoring for space here, rents are now among the highest in the state--so high that small, owner-operated stores can no longer afford them...
...Even Gifford and other defense fund members acknowledge that their influence has waned. Change in the Square is inevitable, Gifford concedes, and the defense fund has subtly lowered its horizons...