President Pusey has renewed his offer to purchase the MTA's Bennett St. yards as a possible site for the tenth House.
In a statement issued yesterday Pusey praised an announcement by MTA General Manager Thomas J. McClernon that the MTA was considering selling the yards soon.
Pusey called this statement "good news to the University and to the people of Cambridge." He reiterated the University's offer of February, 1959, to pay the MTA $1 million over the market value for the yards.
In answering charges that the University's acquisition of the land would keep it off the tax rolls and thus hurt city finances. Pusey stated that if the University bought the MTA yards, which are now tax-exempt, it could provide needed student housing "without purchasing further taxable land."
Read more in News
The Scoreboard
