Word: mta
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Dates: during 1960-1969
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Cambridge City Councillor Alfred E. Vollucci last night called the University's offer of $1 million in excess of the fair market value for the MTA Bennett Street Yards "unfair to other developers, and to the people of Cambridge...
Speaking at a Kirkland House Forum, Vellucci said, "If the University is willing to pay a million dollar bonus for the MTA yards, then they should give it, as a gift, to the City of Cambridge...
Vellucci said that since the people of Cambridge have "withstood tax losses" on the Yards for so many years, they "deserve to be compensated" with a new development which will bring the city revenue. (The MTA has never paid tax on the Yards...
Hayes further pointed out that the MTA must allow a three-week period for public bidding between the time it offers the land and actually completes the sale. "During that time," Hayes declared yesterday, "the City might be able to take the land from the MTA for a redevelopment or urban renewal project...
...dramatic moment in yesterday's meeting, Councillor Joseph A. DeGuglielmo '28 called on Gov. Volpe to take action "to protect the people of this area" in case of a strike against the MTA by the Carmen's Union this Saturday...