Daily Archives: June 25, 2016

UMass Lowell Contributions to the City of Lowell

UMass Lowell also provided the following:

UMass Lowell Contributions to the City of Lowell
June 21, 2016

Direct Tax Payments and Parking Leases:
 $567,300 in FY16 property taxes from property leased by UMass Lowell (includes Riverview Suites, other off- campus rental housing, and offices/labs in 110 Canal, Cross River Center and Wannalancit Mills)

 $75,000 in annual meals and rooms taxes

 $185,000 annually in parking lease payments for Sheehy Park, Ayotte Garage and Father Morissette Boulevard

Indirect Tax Payments:
 $201,060 FY16 PILOT for state-owned real property (also includes DCR, MCC, and other state holdings, but UMass Lowell is largest single state agency property owner in Lowell by value)

 Approximately $600,000 in FY16 property taxes from apartments rented by UMass Lowell students living off-campus (assumes 3 students/apt. and $1,500/apt. in average tax revenues)

University Contributions to Construction, Infrastructure and Other Projects:
 Recent commitments totaling $7.52 million in saved costs for the city:

o $150,000 annually for 20 years to support Canal Bridge TIGER Grant match; significant staff time and consultant costs to enable City to win $13.4M grant
o $80,000 annually for 20 years to support Lower Locks Garage repair project
o $75,000 in direct funding for the joint city/UMass Lowell/Lowell Plan marketing campaign;
$100,000 in in-kind creative, media planning, and media buying services
o $820,000 to reconstruct the Broadway and Wilder Streets intersection
o $900,000 to reconstruct the Broadway and Pawtucket Streets intersection
o $150,000 to construct new sidewalks on Whiting Street, Perkins Street, and Pawtucket Street near Fox Hall
o $200,000 for new streetlights and sidewalks around University Crossing
o $200,000 for new streetlights and sidewalks around University Suites
o $200,000 to replace a city water main near the North Campus Garage
o $60,000 for city water main repairs near University Crossing
o $80,000 for utility work at the University Avenue and Riverside Street intersection
o $60,000 for Pawtucket Street Corridor Planning Study (includes $20,000 grant obtained by UMass Lowell and $40,000 in campus funding)
o $65,000 for Wilder Street and Broadway repaving (beyond limits of UMass Lowell construction)
o $10,000 to repair the Pawtucket Prism public art sculpture

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