Lifespan pays Providence $400K in voluntary PILOT program

LIFESPAN PRESIDENT AND CEO Dr. Timothy J. Babineau said an improved financial position in 2016 allowed Lifespan to make a voluntary PILOT payment to Providence in fiscal 2017.
LIFESPAN PRESIDENT AND CEO Dr. Timothy J. Babineau said an improved financial position in 2016 allowed Lifespan to make a voluntary PILOT payment to Providence in fiscal 2017. / COURTESY LIFESPAN
PROVIDENCE - Lifespan paid Providence $400,000 voluntarily as part of a Payment In Lieu Of Taxes program just in time to make a donation for the fiscal 2017 year. PILOT programs allow nonprofit organizations to reimburse municipalities for taxes the city or town would have received had there been a normal taxable business on the…
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