Word: mta
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...nationally known, multimillionaire Harvard graduate is providing much of the anonymous financial backing for Samuel P. Coffman's $7.6 million bid and $100 million development plans for the Bennett St. MTA Yards...
There are no picture windows, built-in iceboxes, or river banks at Dudley, but the House has its own advantages for both the University and the student. First of all, Dudley is more than a common room for commuters who arrive by MTA. Although it differs from the other Houses in the provision which it makes for non-residents, it is no less a part of the House system for that reason...
However, Edward F. McLaughlin, Jr., general counsel of the MTA and the key man in choosing the buyer, said yesterday, "I am not sure that any of the private bids are responsible...
Coffman's bid of $2 million plus a minimum of $5,600,000 in relocation costs for the MTA system is $400,000 higher than the nearest private bid and over $2.5 million above Harvard...
Although Coffman feels his top bid makes him the leading contender for the land, the MTA board of directors is not obligated to sell the land to the highest bidder. Coffman admitted that the Board could sell the land to Harvard "for the reasons...