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Cash-strapped, passed over for other transportation projects, and with a completion date decades away, West Station, the MBTA’s new commuter rail station in Allston, faces many challenges. Politicians have now asked Harvard to pay the entire cost of the station—covering a bill of roughly $100 million.

In 2014, Harvard pledged to pay one-third of the cost to build West Station. Recently, several Massachusetts politicians signed a letter requesting the University foot the entire bill. One state representative, Michael J. Moran, went so far as to make an example of the company mens new balance 574 sale, which financed the entire $20 million cost of the Boston Landing commuter rail station in Brighton.

Yes, as we have opined, the University has previously had difficult town-gown relations. It could do more to help sustain and support the community whose home it shares, particularly by actively publicizing and sharing the results of its continuing construction projects with Allstonians. Harvard would do well to contribute to the West Station project; the benefits of a new adidas running shoes sale uk cannot be understated, especially for Allstonians, who have historically lacked access to the same transit systems that commuter rail stations provide to other parts of the Boston area. Indeed, other schools have helped their communities in similar ways. Princeton, for example, developed an entirely new train station complex in an initiative to help improve public infrastructure and promote the arts. Following this example, new balance running shoes sale should contribute to the development of West Station in some capacity.

However, the request for Harvard to defray the entire $100 million cost of constructing West Station is inappropriate, especially given the state of the University’s finances over the past couple of years. Yes, Harvard may have an endowment of nearly $38 billion. Yet not all of this wealth is readily at hand—and poor returns like those Harvard Management Company, the group in charge of Harvard's endowment, has seen in recent years have prompted concern that University budgets could be "significantly constrained" for years to come. In 2017, Harvard's endowment returns were outpaced by all other Ivy League schools, and adidas ultra boost price is undergoing a dramatic internal restructuring. Now is the time for the University to be as conservative as possible with its finances.

Additionally, the new tax bill passed in December under the Republican-led Congress imposes an excise tax of 1.4 percent on returns for certain large endowments, which Harvard must now pay. This tax further limits the University’s financial flexibility.


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