Why urban universities are becoming real estate developers

[warriorchick]

Interesting article.  I know that Marquette is involved in many similar projects, and that Dr. Lovell took a bunch of folks out east a couple of years ago to study this model:

https://slate.com/business/2018/05/universities-like-harvard-and-yale-are-real-estate-titans-too.html

It's from Slate, so it's got the "all large NFPs are inherently evil" slant, but it's good to know that we appear to be doing all the right things.

Also, check out the statement in the comments that Johns Hopkins was intentionally established in a poor neighborhood so they could perform medical experiments on the minority residents...

[ZiggysFryBoy]

what's der acceptance rate on the offers on properties, doe?  Can't buy all the buildings, doesn't look good to the folks that are hiring.

[muwarrior69]

Is Marquette one of the top employers in Milwaukee?

[warriorchick]

Is Marquette one of the top employers in Milwaukee?

Number 20, according to this list:

http://www.mmac.org/major-employers-in-metro-milwaukee.html

[GGGG]

A number of small, private colleges are doing similar things, albiet on a much smaller scale.  Also public universities generally have supporting organizations that do this stuff as well.  For instance:

http://haymarketlanding.com

This is primarily managed by a foundation attached to UW-Eau Claire.

[MU Fan in Connecticut]

New Haven looks great.  Yale's then president and New Haven's then mayor got together 25 years ago and worked out a bunch of differences and the city has pretty much green lighted whatever Yale wanted to do including demolition for new academic buildings, a new shopping area and Yale doing building remodels for commercial use (Yale is the landlord).

[lawdog77]

New Haven looks great.  Yale's then president and New Haven's then mayor got together 25 years ago and worked out a bunch of differences and the city has pretty much green lighted whatever Yale wanted to do including demolition for new academic buildings, a new shopping area and Yale doing building remodels for commercial use (Yale is the landlord).

As long as they don't mess with Louis' Lunch, Yale can do whatever they want

[MU Fan in Connecticut]

As long as they don't mess with Louis' Lunch, Yale can do whatever they want

Nothing will mess with Louis' again!  It's an centerpiece!