Word: mta
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Dates: during 1960-1969
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Harvard bid more than $1 million above the highest estimated fair market value of the Bennett St. MTA Yards, University officials revealed yesterday...
Roche may still hope that a large out-of-town developer will take over his bid and pay the MTA $6 million...
Several officials believe that the MTA will probably reject all the bids and then try to talk the University into raising its price. Edward J. McLaughlin, the MTA's general counsel, has repeatedly stressed that the MTA "reserves the right to reject all bids...
McLaughlin has reportedly said that he believes the Yards are worth considerably more than $5 million, but the City of Cambridge may put heavy pressure on the MTA to sell the property even at that price
...MTA has reserved the right to accept or reject any of the bids for the now tax-exempt land, and it seems very unlikely that Roche's client will be awarded the sale. The City Council will support whichever will bring the greatest amount of revenue to Cambridge, but MTA officials apear more interested in the feasability of the various proposals and the immediacy of payment...