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i ax naven - i ne z ate rieraia <br />When I asked whether Yale should be making <br />a larger contribution to New Haven, Morand <br />pointed to the fact that Yale is already one of <br />the top five taxpayers in the city. "Yale's <br />nontaxable property occupies a very modest <br />footprint in the overall land area of New Haven <br />and it generates on a per- square -foot of land <br />basis more income for the city than almost any <br />other property," he said. <br />In 1999, Yale purchased 16 bankrupt <br />properties on Chapel Street, just to the south <br />of Old Campus. "At the Mayor's request, the <br />University acquired the portfolio in order to <br />stabilize an important retail district adjacent to <br />the University," Zucker, Yale's director of New <br />Haven affairs, wrote in an email. This fell in line <br />with President Levin's desire for the University <br />to help reinvigorate the neighborhoods <br />immediately surrounding Yale's campus. "We <br />virtually developed the downtown with our <br />resources," Levin told the Wall Street Journal <br />in 2006. "There's a lot of great restaurants. It's <br />a destination. Even the New York Times has <br />written about'an irresistible' weekend <br />destination. None of that could be said about <br />New Haven in 1993." Levin declined to <br />comment for this article, as did current <br />President Peter Salovey and Bruce Alexander, <br />Page 12 of 18 <br />http: / /yaleherald.com/homepage- lead - image /cover- stories /tax - haven/ 10/23/2014 <br />