PC to contribute $3.84M to city in PILOT agreement

PROVIDENCE COLLEGE - the final of the city's seven major tax-exempt organizations to agree to a payment-in-lieu-of-taxes  deal - will pay Providence $3.84 million over the next 10 years.  / COURTESY PROVIDENCE COLLEGE
PROVIDENCE COLLEGE - the final of the city's seven major tax-exempt organizations to agree to a payment-in-lieu-of-taxes deal - will pay Providence $3.84 million over the next 10 years. / COURTESY PROVIDENCE COLLEGE
PROVIDENCE – Providence College has agreed to contribute $3.84 million to the city over the next 10 years as part of a payment-in-lieu-of-taxes agreement, Mayor Angel Taveras and PC President Rev. Brian J. Shanley announced Tuesday at a press conference. The college, which was the last of the city’s seven major tax-exempt institutions to come…

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