Word: mclernon
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Dates: during 1960-1969
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...informal meeting with members Cambridge City Council last Monday evening, MTA General Manager Thomas J. McLernon indicated that the has already received inquiries the Yards from several national developers...
...Gard Wiggins, administrative vice-president of the University, pointed out last week that the MTA had been evenly divided over the question of selling the land for several years, and that he hoped a strong stand by McLernon might swing the balance...
First Thomas J. McLernon, general manager of the MTA, told Cambridge politicians that he planned to recommend to the trustees of the Authority that the property be sold. Then President Pusey repeated Harvard's offer to buy the land at "its current fair market value plus an additional $1 million...
Several other factors had cansed similar speculation. McLernon had indicated a willingness earlier this fall to sell the yard "the sooner, the better" and for the biggest possible profit...
...After McLernon's statement Governor-elect John A. Volpe formally endorsed the sale. As sole authority over the three MTA trustees, Volpe will have the power to initiate a transaction with the University when he takes office in January, if he so wishes...