Word: mta
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Dates: during 1960-1969
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...Cambridge attorney has outbid the University by more than $1 million for the Bennett Street MTA Yards. Francis J. Roche turned in a high bid of $6,135,000. The University's offer was $5,010,000, and the firm of land-developer John Briston Sullivan...
...property, which the University would have used for a tenth house and for taxable office space, was put up for bids by the MTA. It was heavily emphasized in all publicity that the MTA reserved the right to reject any and all all bids. This has led to at least one theory that the yards were put up for bids only to enable the MTA to determine the vicinity of a fair market price and then to engage in individual negotiations later...
Whitlock pointed out that "it is not known whom Roche represents." Roche not only declined to identify whom he was representing, but would not even confirm the fact that he would present specific proposals to the MTA trustees for use of the land this Tuesday...
Alfred E. Vellucci, arch-critic of Harvard for his seven years on the Cambridge City Council, said yesterday that he favored the sale of the MTA's Bennett Street Yards to the University even if it submits a lower bid for the property than a private developer...
Meanwhile, John Briston Sullivan, the flamboyant Cambridge real estate developer who last year almost managed to get permission to construct a building-on-stilts on the Cambridge Common, revealed yesterday that he too is planning to bid on the MTA Yards...