Providence Colleges Will Pay the City $200 Million

Four private colleges in Providence, R.I., have agreed to pay the city more than $200 million over the next two decades in lieu of taxes, The Boston Globe reported Tuesday. The deal is comprised of two different agreements. According to the first, Brown University, Providence College, the Rhode Island School of Design and Johnson & Wales University will pay Providence $177 million over 20 years, with Brown paying the largest portion, $128.7 million.