Word: reston
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...begin with, private entrepreneurs and even large companies are wary of financing them. Reston, Virginia, is a case in point. Between 1962 and 1964 Robert Simon, an architect, made unsuccessful attempts to borrow money for Reston from eighty different sources, including banks, insurance companies, and large corporations. Finally, just five days before the deadline set by Simon's contractors, Gulf Oil made a fifteen million dollar commitment. The price: first mortgage on all of Simon's land, an option to buy stock in Reston, and the only gas station in town...
There were good reasons for this wariness. To get reasonably low land prices new town developers have to go well beyond established areas of rsidence. But few isolated areas have either the roads or basic utility lines required by a new town, even in its early stages. At Reston, more than 20 miles from Washington, $14 million had to be spent for roads, sewers, and water supply...
...first to report that the U.S. was going off the gold standard; that same year, he broke the news about the formation of the NRA. He won Pulitzer prizes for exclusive interviews with Presidents Roosevelt and Truman. Even after he was replaced by James Reston as bureau chief in 1953, the probing columnist stayed on the job. "I didn't retreat," he says. "I withdrew to a previously prepared position...
Many planners do agree that any large-scale training program will have to be conducted at least in part by private organizations, such as universities, churches, and service groups. Some Harvard officials have interpreted remarks by James Reston to this effect as a signal that Washington will look to the universities for help in establishing the program. So far no one at Harvard is working on the problem...
...special groin iron for political pundits. The central character here is a columnist named Walter Dobius ("Walter Wonderful"). And though Dobius may not resemble any single real-life oracle, readers can be forgiven if they detect a little bit of Walter Lippmann, a little bit of Scotty Reston, and a dash of Joe Alsop...