Harvard Magazine - A New Economic Reality

The May-June issue of Harvard's alumni magazine summarizes Harvard's financial problems and how they affect Allston, the Science Complex, and the rest of the university. I don't think it contains any new news, but it is interesting how they present the situation.

"A New Economic Reality" Harvard Magazine

"The willingness to incur such costs [moving the Stem Cell Institute to Cambridge and making labs for other scientists to Longwood] suggests the University’s eagerness to avoid the much larger costs—hundreds of millions of dollars—required soon to finish the Allston complex on its original schedule, with occupancy in 2011. While the financial markets and economy remain under duress, Harvard’s prospects for substantial further borrowing required to fund the project are constrained."