The upcoming $220 million renovation of the Tobin School loomed large in discussion of city finances Monday, when officials cheered another year of stellar credit ratings while again warning that spending on giant capital projects would eventually have to end.
A lot happens in the course of a year in a densely packed city of 105,162 people with high-profile industries, clashing interests and significant class disparities. From standing up for the vulnerable to deceiving people who come here to do business, here’s a rundown.
The Cambridge Housing Authority is planning a campaign to raise $3 million from private donors to support the services it provides to residents to to help bring the people who live in its apartments out of poverty.
To landlords, banks look like steady money. To everyone else, they looks like one storefront more that gives tourists no reason to visit, one storefront more that, 364 days of the year, might as well be an ATM taking up a fraction of the space.
First Republic will be taking over the former American Apparel space at 47 Brattle St., empty since the end of March after the controversial clothing company suffered bankruptcies and shuttered stores nationwide.
The city’s financial health has won top marks from all three major bond raters for the 18th straight year, officials announced Monday – an honor limited to only about three dozen communities nationwide. And its first-ever “minibond” offering sold out as well.
Cambridge officials are gearing up to issue the first-ever round of municipal minibonds, available only to residents. The bonds are “mini” because they can be bought in denominations as low as $1,000 and will be capped at $20,000, and paid off within five years.
An escaped federal prisoner and former Cambridge resident and Army reservist may be the man who attempted a bank robbery in Central Square early Wednesday, Cambridge police and FBI officials are saying.
Food rescue organization Food For Free has been awarded a $15,000 grant from Bank of America through its Basic Needs community support program. The grant will support Food For Free’s food rescue program.