Payments in Lieu of Taxes

December 3, 2013, 9am PST
The University of Massachusetts at Lowell has spent $600 million on construction projects over the past six years alone. But as the university grows, local leaders are asking for payments in lieu of taxes to offset the demand on municipal services.
The Boston Globe
October 4, 2012, 12pm PDT
A new report documents the rise of payments in lieu of taxes (PILOTs) made by non-profits to cities desperate for new revenue. Although they've gained notice by cash-strapped cities, the report indicates PILOTs typically generate little revenue.
At Lincoln House