Laserfiche WebLink
i ax naven - i ne r aie merata <br />the city and the university was multifaceted. <br />Along with agreeing to make payments for the <br />firefighting services it received from the city on <br />its tax - exempt land, Yale also agreed to move <br />part of its golf course onto the city's tax rolls. <br />In return, New Haven allowed Yale to close off <br />access to the sections of Wall and High <br />Streets that ran through the middle of its <br />campus. To sweeten the deal, Yale donated <br />$1.1 million to the city. <br />As long as there is a nonprofit organization <br />with one of the largest private endowments in <br />the world located in a city with gaping budget <br />deficits and an outsize population of low- <br />income residents, the issue of Yale's tax <br />relationship to New Haven will continue to <br />spark debate over the university's <br />responsibility to the town that surrounds it. <br />This June, the city finalized its sale of the <br />closed -off sections of High and Wall Streets to <br />the University for $3 million. Pretty good deal <br />for Yale, considering the value of keeping <br />cars, trucks, and buses off the center of its <br />campus. Maybe the $8.2 million dollars the <br />University handed over to the city had <br />something to do with it. <br />Page 18 of 18 <br />http: / /yaleherald.com/homepage -lead- image /cover - stories /tax - haven/ 10/23/2014 <br />