Princeton U. Will Pay Town More Than $24-Million Over 7 Years

By Nick DeSantis. Princeton University said on Thursday that it had agreed to pay the town of Princeton, N.J., more than $24-million over the next seven years. The university, which as a nonprofit organization is tax-exempt, said in a news release that it would make voluntary payments of $21.7-million over the course of the agreement as well as one-time contributions valued at $2.6-million toward several town projects. More...