Construction on Harvard University's $1 billion state-of-the-art science complex in will be put on hold in March to allow the school to find more funds, reports the Boston Globe. "The altered financial landscape of the university, and of the wider world, necessitates a shift away from rapid development in Allston and thus requires a simultaneous commitment to a program of active stewardship of Harvard properties," Harvard president Drew Faust wrote in a letter to the Allston and Harvard communities. The New York Times adds that the center was estimated to cost $1 billion and originally was to be finished in 2011, and that this halt comes after a slowdown of the pace of the work at the site. Harvard lost 27 percent of its endowment between June 2008 and June 2009.
Harvard Center on Hold
Dec 12, 2009