Double take: City to gain from colleges
New Haven aldermen approved residential college – and Science Hill expansion – related legislation last Thursday because they learned that Yale will give the city $250,000 every year.
But why would Yale give away this money?
The University is suffering through a year of lower endowment gains due to the world’s economic rut. Yet in 2007 Yale gave a voluntary payment of $4.3 million to the city because most of the land the University uses receives a city property tax exemption from the state. And Yale already swapped $10 million for development rights to three streets around...
Oh wow, a whole $250,000! I'll "bend over" in gratefulness to Yale's incredible generosity to the city!
Walk around and take a look at the blemished paint jobs of the privately owned houses around the construction being done on the Yale Whale and nearby Yale sites. Before construction began, the houses looked pristine; their owners had put substantial money into curb appeal. Yale should be giving these homeowners money to reverse the damage and compensate residents for enduring the relentless construction noise.
"Greater Yale" indeed. We little taxpaying homeowners don't have a chance in New Haven anymore. Twenty years into my home ownership here, my patience has been strained to the max not by crime or any other alarm that goes out in the Yale community, but by the Big Yale Machine that literally tramples everything in its path.
I don't understand why universities and churches are still tax-exempt.
Grrrr.
you must be foolish to think that without Yale New Haven would be anything more than a "Bridgeport". You forgot to mention also the almost 5 million that Yale gave in 2007 and the millions that its employees spend in the city every single day. Wake up and smell the coffee...without Yale New Haven sucks.
I've got an idea...let's buy New Haven and name it "Greater Yale". I'll certainly be happy to sell my corner and move on.