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books and culture Town v. Gown A new book argues that many urban universities have their cities over a barrel. Cities Economy, finance, and budgets In this thought-provoking account of contemporary town-gown tensions, Davarian L. Baldwin writes: “when most of the United States had abandoned cities in the mid-twentieth century, higher education was one of the only institutions that remained.” These universities either built on the urban-fortress model, like Chicago, or with buildings that jostle among others, like NYU became ever more important to urban economies. Meantime, as state funding for higher ed trended down, universities turned to real estate as a source of income, often snapping up properties near campus with an eye either to future expansion or asset appreciation. As commercial landlords, universities enjoy a competitive advantage in the property market, thanks to their nonprofit tax status. Acquiring properties also gives them considerable contr

United statesUnited kingdomUniversity of chicagoLos angelesDavarianl baldwinSmart cities labColumbia to trinity college in hartfordIvory towerHow universities are plundering our citiesBold type booksClery actOpportunity zoneTrinity collegeNew havenLieu of taxesஒன்றுபட்டது மாநிலங்களில்