Harvard is rethinking plans for its Allston science complex, originally projected to cost $1.4 billion.
(George Rizer/ Globe Staff/ File 2009)
Debt forces Harvard back to drawing board
Facing big payments, school reduces, rethinks major projects
Harvard is rethinking plans for its Allston science complex, originally projected to cost $1.4 billion.
(George Rizer/ Globe Staff/ File 2009)
It is no secret that Harvard University ran into a short-term cash crunch when the markets plunged in late 2008 and had to cut costs sharply. But there also has been a longer-term toll: Harvard borrowed heavily to get through that period, and now finds itself grappling with big debt payments and scaling back ambitious plans. (Full article: 959 words)
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