Princeton University giving town $24M - My9 New Jersey

Princeton University giving town $24M

Posted: Updated:

PRINCETON, N.J. (AP) -- Princeton University has agreed to contribute more than $24 million over the next seven years to the town of Princeton.

The deal was announced Thursday and is set for consideration by the town government's approval on Monday.

The university and town officials frame it was as a way to resolve an age-old issue in college towns where much of the land is university-owned and thus tax-exempt.

Under the deal, the Ivy League school would pay $2.6 million toward several specific departments, including a storage facility for public works equipment and a new first-aid building.

The school would also make yearly unrestricted payments and would continue paying property taxes on graduate student housing that could be tax-exempt.

  • New Jersey NewsNew Jersey NewsMore>>

  • Missing NJ man found dead in Israeli forest

    Missing NJ man found dead in Israeli forest

    Thursday, August 28 2014 4:33 PM EDT2014-08-28 20:33:49 GMT
    The body of a missing New Jersey religious student who disappeared during a hike in a forest outside Jerusalem last week has been found. Aaron Sofer, 23, of Lakewood, N.J., had been missing since Friday, when he went on a hike with a friend in the Jerusalem Forest and the two became separated, said police spokesman Micky Rosenfeld.
    The body of a missing New Jersey religious student who disappeared during a hike in a forest outside Jerusalem last week has been found. Aaron Sofer, 23, of Lakewood, N.J., had been missing since Friday, when he went on a hike with a friend in the Jerusalem Forest and the two became separated, said police spokesman Micky Rosenfeld.
  • Bergen County sheriff delays deployment of military vehicles

    Bergen County sheriff delays deployment of military vehicles

    Thursday, August 28 2014 3:22 PM EDT2014-08-28 19:22:51 GMT
    A northern New Jersey sheriff has delayed deployment of armored vehicles that are being acquired through a federal military surplus program. In a statement, Bergen County Sheriff Michael Saudino announced Thursday he is taking the action after the U.S. attorney general and state attorney general decided to review the program in the wake of police response to civil unrest that followed a police shooting in Ferguson, Missouri.
    A northern New Jersey sheriff has delayed deployment of armored vehicles that are being acquired through a federal military surplus program. In a statement, Bergen County Sheriff Michael Saudino announced Thursday he is taking the action after the U.S. attorney general and state attorney general decided to review the program in the wake of police response to civil unrest that followed a police shooting in Ferguson, Missouri.
  • Dangerous rip currents at NJ, NY beaches

    Dangerous rip currents at NJ, NY beaches

    Thursday, August 28 2014 1:42 PM EDT2014-08-28 17:42:49 GMT
    The rip current risk remains high along the New Jersey and New York coastlines. Some beaches were open to the public but closed to swimmers. The National Weather Service issued a High Surf Advisory and Rip Current Statement for the area beaches because of the effects of Hurricane Cristobal, which is expected to track south and east of the Jersey shore through Thursday.
    The rip current risk remains high along the New Jersey and New York coastlines. Some beaches were open to the public but closed to swimmers. The National Weather Service issued a High Surf Advisory and Rip Current Statement for the area beaches because of the effects of Hurricane Cristobal, which is expected to track south and east of the Jersey shore through Thursday.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices