December 6, 2012

Harvard Sells Watertown Arsenal

That purchase provoked a state law to compensate cities and towns
which lost more than a percentage of their tax base to be reimbursed
by the non profit taking the property off the tax rolls. Harvard's
agreement with Watertown was for about $50 million over a period of
time. Watertown got more money than Harvard gives to Cambridge.

http://www.thecrimson.com/article/2012/12/5/sell-arsenal-charles-watertown/

University To Sell Arsenal on the Charles
By SAMUEL Y. WEINSTOCK,
Harvard CRIMSON STAFF WRITER
Published: Wednesday, December 05, 2012

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