Word: optional
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Dates: during 1970-1979
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...year, the University has tried to take at least one building out of the housing market, ordering tenants evicted so it could be converted to office space. They have also angered some Cantabrigians by buying up property around the city, and by announcing a plan, known as "The Cambridge Option" designed to allow faculty members to purchase homes in the city at much lower interest rates than those available on the open market. Officials including City Councilor Francis A. Duehay '55 complain the plan will drive up property values and drive out non-Harvard prospective buyers...
...votes, enough for passage of a zoning change under normal circumstances. But the circumstances weren't normal--antiquated state law allows the owner of 20 per cent of the property in an affected area to file an objection demanding a seventh vote in the city council. Harvard exercised its option, a seventh vote was nowhere to be found, and the overlay failed...
Harvard claims it protected Cambridge neighborhoods by drawing the "Daley Red Line" in 1972 as a real-estate purchasing boundary officials promised Harvard would not cross. Some Cambridge residents claim the University broke the agreement this year when it leased property outside the line with an option to buy. Others worry about what will happen when the agreement expires next year...
...Cambridge Option" sounds more like a novel about British Higher Education than what it really is--Harvard's plan to provide low-interest loans for faculty members so they can purchase homes in Cambridge...
...also says she will "invite" her colleagues to teach tutorials next year, but cannot predict how many professors will actually come forward. The English Department will not offer any special seminars next year, even though Bowersock's reforms mandate that all students who take tutorials "shall have the option in one term of their sophomore or junior year" to take a special professor-run seminar. McKinsey states simply, "We don't feel we need...