Word: mta
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...general manager of the Metropolitan Transit Authority said yesterday that he would not object to selling the controversial Bennet St. switching and storage yards to the University, if the MTA could find another base of operations and vacate the land...
...MTA is interested in making a profit on the yards, and the sooner, the better, McClernon asserted. He noted tentative plans to reroute some buses through the tunnel under Harvard Square and to transfer all rolling stock now operating out of the Bennett St. yards to other terminals and garages in the area...
...past several Cambridge City Councilors have objected to sale of the site to the University, which is exempt from property taxes, because they said it would take taxable land off the city rolls. However, McLernon stated that the MTA has every right to sell and that "Cambridge has no call on the land...
Such an action would bring several thousand dollars more in revenue to Cambridge each year and constitute a major improvement over the MTA, which pays no taxes at all on the property...
...when he established the House system, President Lowell negotiated an agreement with the city which exempted from taxation all land "standing in the name of the University and used for academic purposes." The MTA controversy spurred Cambridge legislators last winter to propose a bill which threatened that agreement...