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The report proposes that Harvard’s 310 cost-reducing layoffs resulted in a $53,709,863 loss and deepened the recession for the local economy.
The report also estimates that Harvard’s halt on the construction of the Science Complex in Allston will result in more than $860 million in losses in expected economic activity over the next three years.
Allston resident Harry Mattison said that the report’s findings were not surprising to him, because “Allston residents see and live these broken promises every day.”
Wayne M. Langley, director of higher education for SEIU Local 615, said that SEIU commissioned the report to determine the implications of major universities’ financial situations, which affect many of the union’s members.
Langley added that he believes the universities were not the “victims that they pretended” to be in the financial crisis. “I hope it leads to real debate about who was responsible and how to protect loyal staffs, both union and non-union...