Word: watertown
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Dates: during 2000-2009
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Harvard sketched the outlines of a payment deal with Watertown yesterday in an attempt to quell fears that the University's tax-exempt status would cost the town millions in vital revenue if Harvard purchases Arsenal on the Charles, a Watertown business complex...
Regardless of a deal the town strikes with Harvard, Watertown will receive 1.5 percent of the gross sales price of the property, estimated to be a little more than $2 million...
Other councillors said they are concerned about Harvard's presence overwhelming the character of Watertown...
Devaney said she was worried that Harvard would contribute to overdevelopment and rising prices in Watertown...
Although some Watertown officials have said that Harvard would need town approval to purchase the Arsenal, Grogan said otherwise...