Allston fear: Harvard is creating a 'ghost town' - Boston Business Journal: - Click to read this extensive story about the situation with our biggest neighbor
"Allston residents and business owners have been waiting for a decade to see what Harvard University plans to do with its extensive new holdings in the neighborhood. Now they wonder if they can wait any longer.
They fear the neighborhood is becoming a 'ghost town' -- a place that will be in limbo for years to come, dying a slow death -- as Harvard continues its buying spree and leaves buildings vacant. The university says it now owns 1.2 million square feet of commercial space in Allston, about half of it empty, and its buying hasn't let up. One activist calls it 'property warehousing.' "