Word: hpre
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Graduate students also have the option of obtaining one of the 2,300 rental apartments within one mile of Harvard Yard that are owned by Harvard and run through Harvard Planning and Real Estate (HPRE). But these apartments are rented at market value, with no discount for Harvard students...
...graduate students [HPRE] is a point of contention because they charge the fair market price," says Lisa L. Lauterbach, a co-president of the Graduate Student Council. "HPRE feels that subsidies are at type of financial aid they aren't obligated to distribute...
...resources for renovation. "The first thing that's going to happen is that the theater is going to be restored, then the rest of the building is going to be restored--plumbing, heating and wiring," Illingworth says. "It's going to be expensive. We don't know how expensive." HPRE's Scott Levitan puts the pricetag at over $5 million. But the College's involvement revolves entirely around the significance of the theatre. Hasty Pudding Theatricals, one of the most successful and well-known student groups at Harvard, provides both good P.R. and top-drawer theatre experience, facts not lost...
...affiliates. Even with this additional help, the club remains stunted by monetary woes and continues to allow the building at 12 Holyoke St. to fall further into disrepair--broken chairs in the theater, run-down wiring and dilapidated facades reveal the desperate need for renovation. Behind in payments to HPRE, the club knew Harvard would not allow the relationship to continue in this manner. "The club owed HPRE a lot of money," Associate Dean of the College David P. Illingworth '71 explains. "In the agreement, the club was supposed to do a lot of maintenance work that hasn't been...
...operation was too expensive to continue. "The popularity of getting a little dressed up and going to dinner, that atmosphere was waning," Minevitz said. "The club was running an expensive restaurant for very few undergraduates." In 1986, the University pulled the Pudding out of its immediate problems when HPRE purchased the property on which the clubhouse sits. HPRE's Scott Levitan said the University took action purely to rescue the Institute from financial ruin. "We work with the trustees to preserve the student groups. Otherwise, I don't think Harvard would be stepping in to deal with their problems...