Yale to purchase massive research complex for $100M+; expand research exponentially

Colleges & Universities Yale University
6

<p><a href=“http://www.yale.edu/opa/newsr/05-04-12-03.all.html[/url]”>http://www.yale.edu/opa/newsr/05-04-12-03.all.html&lt;/a&gt;&lt;/p&gt;

<p>"For Immediate Release: April 12, 2005 (#113)</p>

<p>Yale to Boost its Voluntary Contribution to New Haven
New Haven, Conn. — President Richard C. Levin today announced a significant increase in the voluntary payment that Yale University makes each year to the City of New Haven.</p>

<p>Under a new formula adopted by the University, Yale’s voluntary payment will increase by 80 percent in the city’s next fiscal year to $4.18 million, up from the current contribution of $2.3 million.</p>

<p>The University estimates that annual voluntary contributions to the city under the formula will total $470 million or more over the next 50 years."</p>

<p>I was there last month, too. New Haven was actually a pretty good college town for my somewhat sheltered daughter over the last four years.
The outskirts need some help, but overall, New Haven is so much more appealing than it was 15 years ago. There are great restaurants, nice living areas, shops, places to run… not scary at all. But then I’m from Los Angeles, so cities are not particularly scary to us.</p>