Word: matep
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Harvard is preparing a large bond issue of later this year which will raise approximately $200 million to refinance the five-year-old Medical Area Total Energy Plant (MATEP...
...bond sale, which officials predict will occur within the next six months, is expected to end nearly a decade of MATEP-related financial headaches for Harvard. Since construction began in 1974, funded by operating capital, the cost of the plant has risen more than 10 times the original estimate of about $20 million, and a variety of refinancing schemes have collapsed because of the nation's economic climate and numerous administrative delays...
Combined with this package and four earlier bond issues, the MATEP series will put Harvard in debt by about $600 million, to be paid off during the next 25 to 30 years...
...first you don't succeed in getting permission to operate your massive energy plant, try, try again, seems to be the motto at Harvard these days. The University this week won state permission to again resume testing of the controversial Medical Area Total Energy Plant (MATEP...
...money from the bond sale will be enough to finance all the construction and renovation projects the University has planned for several years, except for the beleagured $250 million Medical Area Total Energy Plant (MATEP) Putnam said Harvard is currently trying to arrange a debt-sale to refinance that project. but he added that he is not sure HEFA--which arranges financing for state colleges, hospitals, and cultural centers--will approve that...