Word: mta
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...Bostonian named Charlie, runs a popular song, didn't have enough money to get off the MTA, but a colossus named Harvard, $1 million in its hand, has faced an astonishing number of delays and frustrations in its attempts...
...University's offer to purchase the Bennett St. switching and storage yards for $1 million above their fair market value still stands, but according to Daniel J. Tyler (Chairman of the MTA's Board of Trustees), sale of the property continues to lie "a long way in the future...
Exactly what the University has offered is a secret carefully guarded, but it has been estimated at between $3 to $4 million--a staggering sum that obviously appeals to the MTA. Yet unfortunately for Harvard, the Transit Authority faces the formidable problem of relocating its Bennett St. facilities and seems nowhere near a solution. Its General Manager, Thomas J. Mc-Clernon has suggested in recent statements that the MTA may soon settle this difficulty, but Tyler is scarcely so optimistic. He stresses, in fact, that the Authority must not only find and build a practical and extensive system...
According to the bill, appraisers representing both the MTA and the city involved would be hired to determine the value of the land, and the MTA would then be required to sell the land for that price. If the city declined to purchase the property, the land would, as under the existing law, be sold to the highest bidder after public advertisement...
Although Feloney's bill is apparently another attempt to keep the University, which has offered $1 million above the fair market value, from buying the Bennett St. Yards from the MTA, Feloney asserted last night that he is "only attempting to allow cities to plan the best use of their land...