Monday, September 08, 2008

Carilion's obligation - Roanoke.com

Carilion's obligation - Roanoke.com: "The wrinkle is that Carilion has a partner in its new venture: Virginia Tech. But Tech, which as a state institution is also tax-exempt, was not a party to the agreement with the city.

Under a memorandum of understanding between these two regional powerhouses, signed just this spring, Tech will own and control the medical school. And, a spokesman said last week, it has no plans to pay city real estate taxes on the building."

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