Word: watertown
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Dates: during 2000-2009
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Sullivan says Harvard has recently agreed to more lucrative deals with its other host cities, Watertown and Boston, and contends that the University’s original home should receive compensation in line with those newer deals...
Harvard’s plan to redevelop the Arsenal complex in Watertown draws criticism. The city claims that the University’s tax-exempt status will cost it tens of millions of dollars in lost revenue. The University claims it will pay a “generous and appropriate fee” in lieu of taxes. Busloads of school children stage a miniature protest...
...wake of a 30-acre purchase of land known as the Arsenal, Harvard agrees to pay Watertown $3.8 million annually for the next 52 years...
...tried to purchase a large warehouse space in Watertown, but despite being a Harvard-affiliated institution, could not afford to buy the space from the University...
...Harvard’s magnanimity toward Watertown has complicated its relations with its other neighbors—a prospect Harvard predicted. Indeed, Cambridge city councillors have since called for a reassessment of the city’s losses due to Harvard’s tax exemptions—even though its thirteen-year-old agreement for payment in lieu of taxes (PILOT) with Harvard will remain in effect until 2010. In Boston this spring, after Harvard acquired 91 acres of land in Allston from the Massachusetts Turnpike Authority, Boston Mayor Thomas M. Menino also called on Harvard to increase...