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Columbia and NYU Would Lose $327M in Tax Breaks Under Proposal

40 点作者 haltingproblem超过 1 年前

7 条评论

crazygringo超过 1 年前
No -- these <i>two targeted</i> institutions shouldn&#x27;t be taxed when other colleges and universities in the city <i>continue to be exempt</i>. That&#x27;s not fair --<p>-- BUT, I think it&#x27;s absolutely fair to keep tax breaks <i>only for buildings used primarily for educational&#x2F;research and related activities</i> (like dorm rooms and student centers and research labs).<p>Because if Columbia and NYU are <i>investing</i> in real estate as part of their endowment, e.g. residential and office buildings unconnected to their educational mission, then <i>those</i> should be taxed normally. And the same for any other nonprofit -- no reason to single them out.
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ChrisBland超过 1 年前
At some point we do need to look at the hedge funds that have a school attached as well. The endowments at some of these universities is astounding.
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ianbutler超过 1 年前
Having gone to NYU, the institution is bloated, the quality of education could be way better for many disciplines and they could charge less tuition to students and still be completely fine.<p>If you look at their budget every year they have an &quot;other&quot; line that&#x27;s very big and comprises all these types of dealings. It&#x27;s scummy and doesn&#x27;t fulfill the mission of teaching people, but it sure does enrich specific people.<p>I still remember taking a course under Julian Togelius where we had to translate some statement from hex or something that amounted to &quot;Columbia is better than NYU&quot;. So even the well respected research professors agree on the quality of the education.<p>Shout out to the various student run labs and individual professors I worked with that made the experience more worthwhile and who actually care to foster curious students.<p>NYU continues to have the audacity to reach out to me for handouts though.
renewiltord超过 1 年前
This kind of thing is really annoying. Other orgs have been able to exploit this to get off the ground. I&#x27;m trying to get something like Academy of Art in SF (real-estate corp protected by 501c3) going and being tax free is a big advantage. I think, ultimately, we&#x27;ll be protected.<p>Usually you can trot someone out like &quot;tell that to this first-gen college student&quot; and shit like that. I think SF is ripe for this.
GenerWork超过 1 年前
Archive link: <a href="https:&#x2F;&#x2F;archive.is&#x2F;u50OG" rel="nofollow noreferrer">https:&#x2F;&#x2F;archive.is&#x2F;u50OG</a>
eli_gottlieb超过 1 年前
Good.
compiler-guy超过 1 年前
I think you can make a case for targeting Columbia in particular, even to the exclusion of other schools.<p>Columbia was a major beneficiary of the city&#x27;s power of eminent domain in the early 2000s, killing small business and other local flavor in favor of their expansion and planned urban renewal, which is kind of slimy already. The big arguments were that it couldn&#x27;t expand and maintain its status without it.<p>So now time to pay the piper. All those places used to pay property taxes, now they don&#x27;t.<p>&quot;In a unanimous decision, the Court of Appeals overturned a lower court ruling that barred the state from using its power of eminent domain to take private property in the 17-acre expansion zone west of Broadway without the property owner’s consent. The ruling held that the courts must give deference to the state’s determination that the area was “blighted” and that condemnation on behalf of a university served a public purpose, two requirements under the law.<p>Lee Bollinger, the president of Columbia University, said he was grateful for the state’s hard work in the case. “This is an extremely important moment in the history of Columbia,” he said. “It’s only fair to say that the opportunity to build a new campus comes along very rarely.”&quot;<p><a href="https:&#x2F;&#x2F;www.nytimes.com&#x2F;2010&#x2F;06&#x2F;25&#x2F;nyregion&#x2F;25columbia.html" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.nytimes.com&#x2F;2010&#x2F;06&#x2F;25&#x2F;nyregion&#x2F;25columbia.html</a>
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