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Skip to contentSkip to site index Search & Section Navigation Section Navigation SEARCH SUBSCRIBE FOR $1/WEEKLog in New York|‘The Untouchables’: How Columbia and N.Y.U. Benefit From Huge Tax Breaks https://www.nytimes.com/2023/09/26/nyregion/columbia-university-property-tax-nyc.html * Share full article * * * 248 Columbia’s science center was built on a new campus in Harlem. As the university expanded its footprint in the city, the number of New Yorkers enrolling declined.Credit...Amir Hamja/The New York Times ‘THE UNTOUCHABLES’: HOW COLUMBIA AND N.Y.U. BENEFIT FROM HUGE TAX BREAKS As New York City’s budget tightens, its wealthiest universities are bigger and richer than ever. Now, some officials think it’s time for the schools to pay more in taxes. Columbia’s science center was built on a new campus in Harlem. As the university expanded its footprint in the city, the number of New Yorkers enrolling declined.Credit...Amir Hamja/The New York Times Supported by SKIP ADVERTISEMENT * Share full article * * * 248 * Read in app By Matthew Haag and Meredith Kolodner This story was produced in a collaboration with The Hechinger Report, a nonprofit newsroom that covers education. * Sept. 26, 2023Updated 4:08 p.m. ET As Columbia University puts the last touches on its brand-new campus in Harlem, it has reached a milestone: The university is now the largest private landowner in New York City. In a city where land is more valuable than almost anywhere in the nation, the school now owns more than 320 properties, with a combined value of nearly $4 billion. The growth has helped it stay competitive within the Ivy League and meet its broader ambitions to become a global institution. Subscribe to The Times to read as many articles as you like. A correction was made on Sept. 26, 2023 : An earlier version of this article misstated how a bill that would end property tax exemptions for private higher education institutions would determine which schools are eligible. It would be for institutions with annual property-tax exemptions of more than $50 million, not more than $50 million in real estate holdings. How we handle corrections Matthew Haag covers the intersection of real estate and politics in the New York region. He previously was a general assignment and breaking news reporter at The Times and worked as an education reporter at The Dallas Morning News. More about Matthew Haag Read 248 Comments * Share full article * * * 248 * Read in app Advertisement SKIP ADVERTISEMENT COMMENTS 248 ‘The Untouchables’: How Columbia and N.Y.U. Benefit From Huge Tax BreaksSkip to Comments Share your thoughts. The Times needs your voice. We welcome your on-topic commentary, criticism and expertise. Comments are moderated for civility. SITE INDEX SITE INFORMATION NAVIGATION * © 2023 The New York Times Company * NYTCo * Contact Us * Accessibility * Work with us * Advertise * T Brand Studio * Your Ad Choices * Privacy Policy * Terms of Service * Terms of Sale * Site Map * Canada * International * Help * Subscriptions Enjoy unlimited access to all of The Times. See subscription options We've updated our termsWe encourage you to review our updated Terms of Sale, Terms of Service, and Privacy Policy. By continuing, you agree to the updated Terms listed here.Continue