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by bandrami
114 days ago
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It's the deed that's old; in the case of Columbia it's that it holds the northern half of the Anglican church's glebe[1] in Manhattan (Columbia is the largest private real estate owner in NYC), which is not only held tax-free but generates significant money for the University. 1: https://en.wikipedia.org/wiki/Glebe (for Northern Virginia residents who have always wondered) |
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