Word: retrofit
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Dates: during 1970-1979
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...Harvard has been in the business of recycling and preserving old buildings long before the names 'retrofit' and 'recycling' became the vogue," Goyette said...
...effort has not been entirely encouraging. It is possible, explained Ferguson, to "retrofit" old steelmaking machinery with modern energy-conserving equipment, but the cost is "horrendous." Said he: "Every buck we spend on conversion for our fuel sources and for environmental control will not be available for new plants, new supplies or new jobs...