Dive Brief:
- Six months into his job as president of Yale University, Peter Salovey says he isn't planning any radical changes.
- Salovey says he plans to follow in his predecessor's footsteps when it comes to relations with New Haven, which receives tax revenue and some voluntary payments from the university.
- As part of improving relations with the town and helping its economy, he says he wants to encourage startups founded by Yale students and graduates to stay in New Haven.
Dive Insight:
Salovey is following the tenure of Rick Levin, the longest serving president of Yale, who served from 1993 to 2013. Relations with New Haven are a delicate topic in part because of some math: The university pays about $4 million in property taxes and another $8 million voluntarily. But if Yale had to pay taxes on all of its property, that bill might come to about $112 million a year.
