Word: arsenalã
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Dates: during 2002-2002
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...dollar amount in the Watertown agreement is significant because it represents a payment about equal to the Arsenal??€™s full taxable land value...
...that light, this deal—in which Harvard will pay Watertown $3.8 million this year, increasing 3 percent each year until 2054—is a heartening signal that the University recognizes its obligation to invest in surrounding communities. The $3.8 million figure is the Arsenal??€™s estimated tax value this year, ensuring that Watertown will not lose any revenue at all in the short term. And though the agreement ends 52 years from now, Harvard has extended other payment in lieu of taxes (PILOT) agreements after they have expired in Cambridge and Boston...
Harvard’s purchase of the Arsenal??€”once covered with toxic waste before $100 million of federal, state and local money was used to clean the property—attracted the attention of a variety of politicians...