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Universities are just as bad or worse on this front. They will buy up properties with no plan simply because they have the cash to throw around and don't have t
by elektronika 8mo ago
Universities are just as bad or worse on this front. They will buy up properties with no plan simply because they have the cash to throw around and don't have to pay tax.
- jeffbee 8mo agoPeople say that in Berkeley but usually the specifics of the deal they are taking about are incorrect, so I generally ignore such people. For example the properties owned by the U.C. wealth fund are taxed like any other.
- BobaFloutist 8mo agoIt does kind of suck for Albany though that something like 10% of its population lives in the untaxable University Village.
- jeffbee 8mo agoLet's be real. Albany could double its tax base with duplexes, or any buildings taller than 10 feet, but they don't and don't want to.
- BobaFloutist 8mo agoThat's also true.