Universities Are Also Mobile
Posted by Carol Coletta on May 11, 2008
We've written here before that universities, often thought of as anchor institutions, are increasingly mobile. Now comes a challenging proposal from Greg Mankiw in response to Massachusetts legislators' study of a plan to levy a 2.5% annual tax on the portion of college endowments that exceed $1 billion. (Greg is a professor of economics at Harvard.) He calls on Harvard to create a second campus in another move favorable tax state, move its endowment there, sell off land in Massachusetts, and even eventually move the main campus. It's not an impossible thought. Unlikely, but not impossible, especially in light of the international expansion of many universities. [Thanks to Rich Florida for flagging this item.] blog comments powered by Disqus