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Harvard Considers Land Purchase in Watertown

Town worries about effect on tax revenues

the property," he said.

As yet, Harvard has revealed no concrete plans for the property, but the Arsenal could prove a valuable asset in Harvard's growing real estate holdings throughout the area.

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"There's no plan[for the site], but we just got into this. It's an intruguing possibility," Grogan said.

In 1997, Harvard drew criticism from the community after University officials confirmed that Harvard had secretly acquired 52 acres of land, worth $88 million, in Allston-Brighton.

Harvard picked up another 48 acres in Allston for $151 million last May.

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