Re:Fancy Dorms Aren’t the Main Reason Tuition Is Skyrocketing
by g52oevr0in on Wednesday September 14, 2016 @02:41PM
(#12499997)
Universities get a property tax exemption that allows them to do things with land in downtown areas that wouldn't be economically rational for typical real estate investors.
I wonder if the "fancy" dorms are only a thing in non-city universities. It would make sense that building fancy, new dorms in a downtown area in a place like Boston or New York just wouldn't be worth it.