"Little wonder that Harvard’s Allston science facility project, once pegged as high as $1.4 billion, was halted in early 2009 and is now back to the drawing board in terms of scale and scope. The university has told its bond raters it won’t borrow more than a total of $1 billion over the next three years, including projects that are already underway. Faust indicated that new plans for Allston will be presented by the middle of next year, and the university may need investment partners."
Debt forces Harvard back to drawing board - The Boston Globe
Posted by Harry Mattison on 9/28/2010 07:45:00 AM