Word: mta
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...mayor thought that apartment houses in place of the MTA yards would greatly improve the area along Memorial Drive. He also proposed Saturday that the MTA sell its land on Boylston St. and on Massachusetts Ave. in North Cambridge...
Referring to the bid by the University to pay $1 million over the market value to buy the MTA lots on the Charles River, McNamara stated, "Cambridge is entitled to first priority on land like that, on which city loses a lot of taxes." The mayor said that the city would "make every effort" to buy the MTA land, if the Transit Authority chose to sell...
...mayor claimed that slum areas often surround a collage area because no one knows where the collage will build next. McNamara indicated that in a meeting with University officials, he had sought an understanding of exactly where and how it plans to expand. The offer to buy the MTA land "brought the issue to a head," McNamara said...
...present the MTA pays no taxes on the large area, and Curry pointed out that as a result it has felt no pressure to sell land it no longer needs. He said that the public attention drawn to this situation by the University's announcement might influence the MTA trustees to give serious thought to selling the land...
Although it has intermittently discussed purchase of the property for several years, the University has never before revealed details of its negotiations, nor has it apparently ever before made such a firm offer. MTA officials will discuss the proposition at their meeting Monday and may announce a decision later that...