Chronicle of Higher Ed: Princeton Will Pay $18 Million to Settle Suit Over Property-Tax Exemption.

All of us who lived in the shadow of the University knew it made more money as a real estate holding company than as a school. Given the huge increases in real estate prices in town, I'd prefer to see 50% go to the economically disadvantaged. My birth home retails at over a million bucks now (Dad bought one side of the duplex for $7,500, the other for $15,000 a decade later).