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Republican View: Cornell’s conundrum
By Zachary Winn,
2024-08-28The ongoing UAW strike at Cornell University has spotlighted the institution’s financial practices. Cornell’s endowment, valued at approximately $10 billion, is widely recognized, as is the fact that the university owns around half of the land in Ithaca—worth about $2 billion—on which it pays no taxes. Recent disputes, such as last year’s battle over the university’s PILOT (Payment in Lieu of Taxes) contribution to the City and its underfunding of TCAT during the pandemic, have demonstrated Cornell’s disregard for the well-being of the local community. It appears this disregard extends to its own employees. As of this writing, the strike’s disruptions have prompted Cornell to return to negotiations. It is heartening to see the Cornell UAW workers adopting a level of assertiveness that local elected officials have yet to match. As of this writing, Mike Sigler is the only elected official to join the picket line. Hopefully, this strike will set a precedent for them.
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