Word: watertown
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City councillors in Cambridge are thrilled for their neighbors down the street in Watertown...
Last week, city officials in Watertown celebrated a deal they struck with Harvard. The University will pay the city $3.8 million this year—and will pay that, and more, every year for the next 52 years...
...following the Watertown deal, city leaders in Cambridge are renewing their calls to Harvard to renegotiate its PILOT agreement...
...deal benefits the University as well as Watertown; the Arsenal plot provides Harvard with much-needed space. It can relocate nonessential operations to Watertown, freeing up prime real estate close to the heart of campus for the College and student groups...
Shortly after Harvard bought the Arsenal, Watertown children and their parents were protesting Harvard’s heartless action. Now those parents are applauding the University’s presence. If Harvard hopes to capitalize on its newfound goodwill, however, it cannot stop in Watertown. It must expand its PILOT program in Cambridge and Allston as well. Cambridge currently receives only $1.6 million in PILOT payments, less than half of Watertown’s total—but Harvard occupies more than seven times as much space in Cambridge as in Watertown. This clear inequity is guaranteed to anger Cambridge...