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Bond In Investing Savings The company that owns Biosphere 2, the giant terrarium in the Arizona desert, has sued Columbia University, which is under contract to manage the Biosphere until 2010 but said recently that it would sharply reduce its financial support for the project.

Whether this will come directly or whether there will be an earlier pullback is just a little unclear.

Bond Investment Toledo Toledo The suit accuses Columbia of "bad faith" and says the university violated its agreement by abandoning "on-site educational programs," including a master's program in environmental public policy that was moved from the Biosphere in Oracle, Ariz., to New York.

However, one cannot preclude the possibility of a near term pullback in productivity as the report vaulted a whopping 1 percent last month.

James Bond Trading Card The suit also says Columbia failed to hire as many as six senior research faculty members for positions at the Biosphere and that the university refused to proceed with building a laboratory.

Bond In Investing Stock "As a result of the breaches," the papers say, "the project has been diminished in value."

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Municipal Bonds Investment The Biosphere is owned by its builder, Edward P. Bass, a Texas billionaire and a longtime supporter of environmental causes, through Decision Investments. The corporation filed the suit, which seeks unspecified monetary damages, on Friday in Superior Court in Pinal County, Ariz.

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Bond Terms Trading A spokeswoman for Columbia, Mariellen Gallagher, said, "We're aware that there is litigation against Biosphere 2 Center in Arizona, but Columbia University has not been served."

Bond Debt High In Inside A spokesman for Columbia's Biosphere 2 Center Inc., Roy Brunett, issued a statement saying it was "disappointed by the filing of a lawsuit." The statement said that the company "has honored and will continue to honor all of its contractual obligations relating to the Biosphere 2 facility."

Bond Greenville Greenville "B2C," the statement added, "has been examining ways to support the long-term financial health of the Biosphere 2 family, and that commitment will continue."

Trading Stock And Bonds Biosphere 2 is an effort to simulate the Earth's ecology under glass on a 250-acre site. It has been hounded by difficulties since it opened in 1991. In the initial experiment, eight "biospherians" were sealed in a mock world with 4,000 animal and plant species.

Bond Investing Municipal Mr. Bass paid most of the $200 million cost of that experiment. By the time the effort ended in 1994, noxious gases had built up, souring the atmosphere. Species, including millions of ants, were thriving, but its sea had turned acidic and its crops were failing.

Basis Bond Finance Hill Mr. Bass sought a university partner to transform the Biosphere into a research center. The project blended well with Columbia's efforts to create an interdisciplinary Earth Institute to study environmental trends. The university sought to use the Biosphere's problems to understand the earth better.

Bond Explained Terms Trading But the university recently made clear that it would sharply cut support. It froze hiring plans for new faculty members and announced that it would move the master's program back to New York. A spokesman for Mr. Bass said the university had informed him that no more money would be allocated after June.

Bond Business Investing Stock By David M. Herszenhorn
New York Times - 3/26/2003

Topic: Biodiversity

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