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This letter was sent to the Providence College campus by college president Rev. Brian J. Shanley regarding the college’s agreement with the City to acquire public streets in exchange for payments in lieu of taxes:
A Message to the Providence College Community:
Providence College is, and always has been, mindful of the significant role that the city of Providence plays in the decision our students make to attend this institution. Providence is a vibrant city with rich history, great restaurants, and myriad tourist and cultural attractions. It is both an alluring and attractive setting for our students and their families. As the leaders of all of Providence’s higher education and major healthcare institutions have noted on multiple occasions, a financially sound city of Providence is critical for the continued prosperity of each of our organizations going forward. With that in mind, I am pleased to announce that the College has reached an agreement with the City that will benefit both parties. The College has agreed to pay the City $3.84 million over a 10-year period to purchase portions of three City streets: Huxley Ave., which runs through the eastern end of the College campus, and both Wardlaw Ave. and Cumberland St. which are part of the northwest border of the campus across from Alumni Hall. (Specifically, the College will purchase Huxley Ave. from Eaton St. to Ventura St., Wardlaw Ave. from Lucille St. to Cumberland St., and Cumberland St. from Wardlaw Ave. to the property line at 30 Cumberland St.)
The College proposed the purchase of these streets in response to the City’s request for additional payments in lieu of taxes. As you may know, the City reached similar agreements of mutual benefit with Brown University, Rhode Island School of Design, and Johnson & Wales University earlier this year. Mindful of the City’s willingness to structure these agreements on a quid pro quo basis, and knowing that they were hopeful of striking some type of arrangement with all of the major non-profit institutions in Providence, the College felt this was the appropriate time to seek the purchase of these streets.
After Brown University and then RISD made agreements with the City to acquire parts of public streets for private parking in exchange for increased payments in lieu of taxes; GoLocal Providence reports that the City will make an annoucement tomorrow that Providence College has now made a similar agreement.
So all this begs the question, if you could buy a public street, which one would you want to buy and what would you want to do with it?