Scott MacKay considers the question of whether Brown University should pay more to the city of Providence.
Originally posted on On Politics:
Once again, Providence politicians are looking to the city’s private colleges for money to help shore up the city’s poor finances. RIPR political analyst Scott MacKay says these non-profit institutions shouldn’t be seen as cash cows for the city.
There has been more rhetoric than reality in the latest dispute between Brown University and Mayor Angel Taveras and his city council allies. With city government awash in red ink, the pols are hungrily eyeing the tax-exempt Brown property on College Hill as a source of sorely needed money.
You can’t blame the mayor or the city council. Residents are maxed out on real estate and car taxes. Businesses are fleeing. Two iconic downtown buildings – the Jazz Age Superman Building and the Biltmore Hotel – house tenants facing huge financial hurdles.