Word: purchaseed
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The Dana-Farber Cancer Institute announced last Friday that it had received a $16.5 million donation to fund cancer research, marking the largest gift from an individual in the Harvard-affiliated institute’s 58-year history. The institute’s chief scientific officer, Barrett J. Rollins, said...
Before Harvard’s purchase of the Arsenal property, the Environmental Protection Agency (EPA) and the town collaborated on an extensive cleanup effort as part of the process of closing the military complex.
After the environmental hurdles were cleared, the site again became a point of contention after Harvard’s purchase, since Watertown residents feared the loss of tax revenue that would result. But in late 2002, the University negotiated a lucrative deal with the town, paying millions each year to...
As the cleanup approached its final stages, Watertown created the WADC in January 1997 to spearhead the redevelopment of the complex. After an extensive selection process, the corporation sold the Arsenal to O’Neill Properties, a developer based in King of Prussia, Pa. Because the site still needed...
Though Harvard was not a newcomer to Watertown—it had leased 110,000 square feet of space there since 1998—not everyone was initially thrilled with the University’s purchase.