Word: mta
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Dates: during 1960-1969
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President Pusey indicated yesterday that the University would proceed with the construction of a tenth House in the near future whether or not it obtains possession of the Bennett St. MTA yards...
Pusey said that the University could not obtain full possession of the yards for at least two years--it will be that long before the MTA completes the transferal of its switching and storing facilities--indicating that if the property had not been sold to Harvard within that time the University would build elsewhere...
Even if the University proceeds with plans for the tenth House, it may be 18 months before it learns the fate of the MTA yards. Present indications are that it will take that long for the MTA trustees to act on the bids which were opened last December...
...MTA was reportedly disappointed by the University's bid of slightly over $5 million, but several of Boston's most reliable real estate developers have continued to assure Harvard officials that their bid is more than $1 million above the land's fair market value...
Presently, the MTA can gain nothing from moving its switching and storage facilities to Codman Sq. and will not be forced to move unless the Authority takes over the Old Colony railway line. Any such action is at least two years in the future...