Word: gulf
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Dates: during 1980-1989
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Three weeks after Harvard threatened to sue the city over a new zoning ordinance that limits its ability to develop the former Gulf station site on Mass. Ave., the University still has not decided whether to take legal action...
Although the University initially planned to build a hotel on the Gulf site, President Derek C. Bok this spring announced that the Faculty of Arts and Sciences (FAS) would be allowed to develop the land for academic purposes. FAS has not announced a plan for the land, but possible alternatives include a library, an office building or a hotel that could be converted for academic...
...letter said that the new limits were unfairly designed to affect only the Gulf site property...
...Gulf station site is one of the last pieces of undeveloped land near the Square, and University officials actively campaigned against the new limits on it. In May, President Derek C. Bok made the unusual move of contacting two city Councillors who previously favored new development and asking them to delay the vote...
...phone on the desk of Richard Munro, chairman of Time Inc., rang at 6 p.m. last Tuesday. On the line was Martin Davis, chairman of Paramount Communications, a onetime industrial conglomerate that had changed its name from Gulf & Western just the day before. Davis had a stunning message for his fellow chief executive. Although Munro had assurances from Davis that he would not mount a takeover bid for Time, Davis was reneging: he declared that Paramount was launching an offer to acquire Time for $175 a share, or $10.7 billion. Time stock had closed at 126 that...