Word: piloting
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...following the Watertown deal, city leaders in Cambridge are renewing their calls to Harvard to renegotiate its PILOT agreement...
Harvard officials say this represents a policy of offering significant PILOT payments for each acre taken off the tax rolls. But since this only applies to new purchases, the question remains whether Harvard will use the same standard for the land it already owns in Cambridge...
According to Cambridge Mayor Michael A. Sullivan, the full taxable value of Harvard’s tax-exempt ownings totals $34 million—more than 20 times the amount of Harvard’s current PILOT agreement...
...Communities that are becoming new host cities will get a better deal than communities that have hosted the University for 366 years,” Sullivan says. “I think there has to be some retroactivity as to how you base the PILOT...
...hope is that Harvard is planning to use Watertown as a new baseline for renegotiating our PILOT agreement,” Galluccio says. “My hope is that Harvard is immediately going to contact city officials...