Harvard May Cut Capital Spend by $500M/Year

There's going to be a lot less money for institutional expansion in Allston in the years to come. But partnerships with private developers for non-institutional projects (that don't require Harvard to spend anything) should, in theory, still be possible.

Harvard May Cut Capital Spend by $500 Million a Year (Update1) - Bloomberg.com

Harvard, the world’s richest school, may slice a four-year, $4 billion spending plan to $2 billion to help it weather the recession, according to a Moody’s Investors Service report... The cut, as much as $500 million a year, sets back the university’s plan, initiated 10 years ago, to expand its main campus in Cambridge, Massachusetts, across the Charles River in Boston.