Thayer Street Commercial Building PHOTO: Providence Tax Assessor Database
Ten days ago, GoLocal unveiled that a commercial real estate firm is marketing 21 properties for Brown University.
This is the latest in the financial machinations at the Ivy League school.
According to a review of the Providence tax assessor's documents by GoLocal, the properties have a combined value of upwards of $30 million. Most of the properties Brown owns pay no taxes.
It is an unprecedented move by the Ivy League school.
Brown, who has come under fire for buying up tens of millions of dollars in properties, is now the seller, not the buyer. GoLocal exposed how in an 18-month period, the University purchased approximately $100 million of real estate in a series of deals.
(NOTE: the same photo was posted for both 44 and 48 South Street.
337 Eddy Street
Assessed Value: $711,300
Zoned: School
349 Eddy Street
Assessed Value: $694,200
Zoned: Commercial
355 Eddy Street
Assessed Value: $364,100
Zoned: School
43 Elm Street
Assessed Value: $420,100
Zoned: School
Zoned
10 Cushing Street is listed in the properties to be marketed, but according to the Providence tax assessor's database, the owner listed is a private family trust, not Brown University.
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