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The Fly recently sent a letter of intent to the Bee proposing a long-term lease that will last for “more than a couple of decades,” according to John L. Powers ’70, president of the Fly Club’s graduate...
MIT’s announcement is an important step in acknowledging that creative strategies must be used to stop university patents from serving as a barrier to further innovation and access to essential medicines. Yet contributing patents to the GlaxoSmithKline patent pool is the least a university can do. Let...
The two clubs are still negotiating the specifics of the lease, conversations which Powers said may last through the week. But he added that the fundamental aspects of the transaction are “a done deal.”
Despite the significant size of the offers—including a $6 million bid from Chabad—the Fly was hesitant to relinquish its ownership of the property because of the scarcity of Harvard Square real estate and the sense that the real estate market is not at its...
Powers, who is also a former Crimson sports editor, characterized the lease as one that is mutually beneficial for both clubs.