Same is true of for profit entities in terms of job creation, people paying income taxes, property taxes, etc. And vast majority of those for profit entities are paying taxes.
It seems to me that most for profit businesses would have an easier time relocating than would colleges/universities. Much of the total experience of colleges/universities is tied up in the location/buildings.
Not saying that colleges should be taxed. Just that I don’t think the argument that they create jobs that result in employees paying income and property taxes so thus the universities shouldn’t be required to do so.