Over the past decade, Brown has invested more than $200 million to help create a Knowledge District in Providence, about $98.8 million was invested to acquire properties and another $101.5 million for completed or planned renovations. The University has acquired and renovated 12 properties in Providence, including 121 South Main Street and several others in the heart of the Jewelry District.
Brown paid taxes on all but one of these buildings in fiscal year 2012 and leases space in several of the properties to promising start-up companies. In total, these buildings comprise 559,000 square feet.
To learn more, read the Brown Alumni Magazine article Human Capital.
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