Harvard ended 2008 a little less rich. The world's wealthiest university announced in December that its endowment had shrunk from $36.9 billion to $28.8 billion during the second half of the year. In light of that asset plunge and the general economic malaise, the school is reconsidering the scope and timing of its ambitious expansion plans. Even the 1-million-square-foot, $1 billion science complex designed by Behnisch Architekten, already under construction and originally slated for completion in 2011, is under the microscope, according to spokesman Joshua Poupore.
At Princeton University, completion dates for several projects, including elements of a new arts and transit neighborhood (above), have been pushed back.