Not 100% true — many land-grant universities (especially on the east coast) were granted public…

Whether investors recoup it or the university is irrelevant here; my point is in both cases that the entrepreneurial agent (university or investor) reaps the rents of the rising land values as a result of university presence. Certainly there’s a difference in the end stage of who gets the money, but the basic idea of universities being made financially viable by exploiting their impact on land-rents is not new.

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