Word: low-cost
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During the turbulent days following the assassination of Martin Luther King Jr. in April 1968, the New York State Urban Development Corporation was born. At the urging of then Governor Nelson Rockefeller, the state legislature established an agency to rebuild ghettos in New York by financing low-cost housing and civic and commercial projects...
...public relations figure spouting the Harvard line to stepped-on community groups, the External Affairs vice president was to have actual authority over the planning and real estate offices. The officer in charge would then offset the real estate office (which is by nature interested primarily in meeting low-cost University land need) by "representing to the University the demands and interests of community groups and individuals and pressing the University to take account of those interests even if so doing would raise land costs, increase the price of relocation, or produce financially less attractive rentals." Now the vice president...
...time that Crane removed land from the low cost housing market. In a rare move for a university, MIT's Chairman James Killian complied with a Crane request that he help develop Technology Square, now the fourth largest property taxpayer in the city, but partly built on land where low-cost housing was before...
...that he "forced out a member of the planning board that opposed a Wasserman zoning request." The Phoenix went on to show that Crane got some patronage in return--some of his building associates cashed in when Wasserman built his luxury housing in a few areas that sorely needed low-cost construction...
...Grant's floorman who took over as chairman last September, believes that the chain's slide can be reversed before too long. He plans to cut back to a "hard core" of 900 stores by 1977, slash capital spending by 90% in 1975, and return to the low-cost soft goods that once made the chain so profitable. For the time being, Grant's creditors are cooperating by deferring loan payments. Not only Grants is at stake: were the chain to collapse, many of the 8,000 or so firms that supply it could topple as well...