This just in

On Yale & Yale alumni.
Ico print Print | Ico email Email | Facebook | | RSS

Psst! Wanna buy a street?

Yale and New Haven City Hall have reached a deal to sell parts of two downtown streets to the university.

Under the agreement, which needs approval from the city's Board of Aldermen, Yale would pay a yet-to-be-determined price for permanent rights to High Street between Elm and Grove, and Wall Street between College and York.

The university already controls those four blocks under a 1990 agreement. Yale closed one block of High Street, between Sterling Memorial Library and Cross Campus, repaving and relandscaping it as a pedestrian route. But the second block of High and the two blocks of Wall Street, fronting Beinecke Plaza and the Law School, look pretty much the same as before, despite blue signs that say "Do Not Enter," "Authorized Vehicles Only," and "No Parking."

The 1990 agreement ran for 20 years, after which it was unclear what would happen. Yale and the mayor's office have been negotiating since 2011.

The proposed new agreeement, which the Board of Aldermen received last night and has yet to consider, calls for a third-party appraiser to set a sale price.

“Yale would also agree to continue making annual contributions to the city in the manner it has done for the past three years,” the New Haven Independent reports. “That includes a contribution based on the number of Yale students living in nontaxable property and the number of full-time workers at Yale, as well as an additional payment to offset the cost of fire service.”

Filed under High Street
The comment period has expired.