Yale University signs deal to give New Haven $230M in voluntary payments over 7 years

Yale ups annual payments to New Haven by $5 million

Yale has agreed to increase its annual voluntary payments to New Haven by $5 million for each of the next six years — bringing the university’s total annual contribution to the city to around $30 million. That voluntary-payment bump is at the center of a new town-gown deal announced by Mayor Justin Elicker and Yale President Maurie McInnis Friday afternoon during a celebratory press conference on the second floor of City Hall. The announcement c…

Yale University signs deal to give New Haven $230M in voluntary payments over 7 years

New Haven Mayor Justin Elicker said Yale’s contribution is, “to our knowledge,” the largest voluntary payment by an American university to its host city.