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When the University purchased the 30-acre Arsenal plot a year and a half ago, the community’s outcry was harsh??€”but its alarm was justified. Because Harvard is a tax-exempt institution, Watertown would have lost millions of dollars in revenue when the Arsenal site was removed from the city’s tax rolls. That revenue accounted for almost 5 percent of Watertown’s entire budget, money Watertown had been counting on for library and school renovations among other projects...

Author: By The CRIMSON Staff, | Title: A Fair Deal For Watertown | 10/1/2002 | See Source »

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