Skip to content

Cranston seeks cash from JWU

February 23, 2012

Johnson and Wales University has agreed to increase cash payments to Providence, and now Cranston wants money too.

Although the city is not facing a deficit like Providence, city officials have been in talks with Johnson and Wales for roughly six months.

Cranston Mayor Allan Fung says it seems fair to ask tax-exempt institutions like Johnson and Wales to contribute to city finances.

“This is something that for me has been a priority,” Mayor Fung said. “Even though it’s a small part of our city, it’s still a part that we provide services too.”

Johnson and Wales owns 22 acres of land in Cranston, mostly in the waterfront area near Edgewood. City officials say the property would generate more than $800,000 annually in property taxes if the university did not have tax-exempt status.

Johnson and Wales declined to discuss details about what dollar amount they might consider. The university says the talks have been “productive.”

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: