Greenwich Stands To Lose Money In Brunswick School Land Deal: Report

GREENWICH, CT — The town could lose hundreds of thousands of dollars in annual tax revenue when hedge fund giant John Tudor Jones sells a 43-acre parcel on King Street to the Brunswick School, reports the Greenwich Time.

The land is the current site of Tudor Investment Corporation, and last year paid Greenwich more than $340,000 in property taxes. Tax records show the property is assessed at more than $30 million.

Land set aside for educational or certain other charitable or open space uses is tax exempt, something Fairfield recently experienced following the sale of the former General Electric headquarters to Sacred Heart University.

Click here to read the full story on the Greenwich Time website.

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