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Cornell is currently negotiating a secret deal with the City of #Ithaca, regarding its payment in lieu of taxes.
Despite being obscenely wealthy, it is technically a nonprofit and does not have to pay taxes.
Cornell's propaganda wing, the Chronicle, has just run this piece, as a way to purchase some PR and frame itself as a benevolent overlord.
$150K is small considering that #Cornell pay only $1.6m to the city each year, but if it were taxable, it'd pay over $35m
During public comment in a recent city hall meeting, residents noted that residents face high property taxes while public services remain underfunded.
Students and faculty benefit from mental health services, the fire department, but are effectively subsidized by locals.
The #Ithaca & Tompkins County is facing financial difficulties, facing service cuts and difficulty hiring and retaining drivers, for which #Cornell has refused to increase funding.
Cornell will spend $110 million on *a single building* while it can't even throw 2% of that annually to the city it resides in--because it doesn't have to, as residents face unaffordable rents and cost of living increases, as publicly-funded services struggle because #Cornell refuses to increase funding.
For prospective students considering universities, keep in mind that this #IvyLeague is regarded as completely disconnected and hostile to the community it resides in.
https://ithacavoice.org/2023/07/cornell-plans-110-million-renovation-of-historic-mcgraw-hall/
The negotiations between #Cornell and the City of #Ithaca are infrequent and so contentious that:
"Notably, Ben Nichols, a former Ithaca Mayor, Cornell professor and Ithaca DSA member, secured the 1995 MOU by withholding building permits from Cornell until the university agreed to provide greater annual contributions to the city."
@00Aaron Ooooh! 150k! That's *definitely* enough to resolve the fact that our teachers are among the lowest paid in the region!
That's half the cost of one new school bus!#OurProblemsAreSolved!