Savvy real estate moves let New York college provide free tuition

For the Cooper Union for the Advancement of Science and Art, owning property in Manhattan and managing it wisely are an integral part of its success as a college. Cooper Union provides free tuition to its approximately 1,000 students. To accomplish this, the college has been unusually active in promoting the use of some of its property — which has been exempt from real estate taxes since its founding — for private development.

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