October 18, 2002

Harvard to Pay for Tax Losses

By SARA HEBEL

Striking a town-gown deal that is unusual in its scope, Harvard University has agreed to pay Watertown, Mass., about $480-million over 52 years to compensate the town for taxes it will not receive on 30 acres of Watertown property purchased by the nonprofit institution. Harvard will provide additional money under the plan, which was finalized last month, to support community programs and to help improve Watertown's public schools.

Harvard officials said the university felt that the

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