Word: piloting
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Coatsworth, who has worked extensively at the center, calls the collaboration a “pilot project...
Cambridge city councilors surpass themselves whenever they try to squeeze more money out of Harvard. Only five years ago, Cambridge renegotiated its ten-year payment in lieu of taxes (PILOT) agreement with Harvard. Now Cambridge’s politicos have smelt the opportunity for politically salutary Harvard-bashing...
...frank. Cambridge and Harvard negotiate a PILOT every ten years. Cambridge would have been perfectly within its rights to hold out for more money in the 2000-2010 cycle, just as Harvard could have held out for less. In another five years, Cambridge will get another chance to renegotiate its deal with Harvard. But the city knew exactly what it was getting when the current agreement was made, and has no just cause to complain. One of the primary reasons for the current push—a rising city budget—is ridiculous for exactly this reason. Cambridge...
...Cambridge will surely bring similarly flimsy arguments to the next PILOT agreement. But a ten-year agreement is meaningless if it is not actually adhered to for ten years, barring truly incredible circumstances. The city’s only true motive seems to be that it can, just maybe, get more money from Harvard. If this is the case, the agreement is ridiculous. Should Harvard be able to arbitrarily demand renegotiation of the agreement when it thinks it might get less? We can only imagine the uproar about broken promises and bad faith that would ensue if Harvard cynically tried...
...ludicrous situation only highlights that Harvard has no fundamental legal need to give the city anything on top of the $4.5 million it pays on non-tax-exempt properties. The extra $1.7 million that Harvard pays voluntarily under the PILOT is all gravy. We are not at all opposed to the PILOT program as such, but for Cambridge to anxiously squeal for more, instead of graciously acknowledging this gift from one of its largest taxpayers, is absurd. Cambridge will always put voting residents ahead of the students who call the city home, so trying to get more money...