Word: parked
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Dates: during 1970-1979
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...invention was also unwisely financed. By buying land outright (with money acquired from selling Government-backed bonds) and by building facilities before they were needed, developers saddled themselves with high fixed interest costs long before sales and rental income started flowing. In Park Forest South, for example, land costs were 89% higher than expected, while sales for the first five years were 58% lower than expected. Developers of seven HUD-financed new towns eventually defaulted on interest payments, leaving the agency to pay bondholders $149 million and take title to the bankrupt burgs...
...Maumelle, Ark.; Shenandoah, Ga.; Park Forest South, Ill.; St. Charles, Md.; Cedar-Riverside and Jonathan, Minn.; Gananda and Riverton, N.Y.; Soul City, N.C.; Newfields, Ohio; Harbison, S.C.; Flower Mound and The Woodlands, Texas...
...Paper Lion roars again, only this time Author George Plimpton is into fireworks, not football. For four years, professional Mittyman Plimpton has dreamed of orchestrating an international exhibition of fireworks, and last week he finally gave it a crack in Manhattan's Central Park. Plimpton's pyrotechnics featured music and 3½ minutes of displays from each of seven nations. "The Chinese firecrackers were vast chrysanthemum bursts. The Italians were all noise," says he by way of review. Why is he so hot on fireworks? Says Plimpton, who is now working on a book about the world...
...every spring all the fans in Boston stand in lines that stretch sometimes for blocks. They needle through thickening mobs of vendors, salesmen, religious prophets, politicians and pushers which gather around Fenway Park like bees to a hive...
There is no doubt that Lee has an opinion on the Red Sox' recent decision to raise the aggregate cost of bleacher seats, and to make them reserved seats. But regardless of the Spaceman, the Bostonhordes will stream into Fenway Park as usual next spring, with the same hopes--and a little more skepticism...