When UMass Lowell bought the Doubletree Hotel the City of Lowell under Manager Lynch began a process to try to get ULowell to agree to some type of Payment to the city to try to make up for some of the lost property taxes.
ULowell was less than willing so the City issued tax bills just as they had when the Doubletree was privately owned. The State argued that the city could not tax them and had no legal right to try to place a lien on the property.
It came to a head in 2013 when ULowell became the first State University to agree with the City on a deal that had ULowell paying the City $60,000 for”Community Improvements”.
It turns out UMass Amherst would later reach an agreement with Amherst that was fashioned off the ULowell agreement.
$60,000 may not seem like a huge amount of money from ULowell but people should realize that
A) It was he first time ANY state-run college in the UMass system agreed to a deal paying anything to a community
B) There is a line in the City Budget that shows we receive money from the State for State Owned Land this year projected in the Managers budget to be $199,414.00
So while $200,000 is well below what full taxes would be on ULowell property if it was privately held, the City in addition to that receives over $138,000,000 in Chapt. 7o educational funding along with $24,218,151 we receive in Unrestricted General Government Aid (UGGA) from the State.