Letter: Forecast: early snow
Updated 12:05 pm, Tuesday, December 6, 2016
It is not even winter yet and Fairfield is already getting a snow job from Sacred Heart University.
SHU and General Electric tell Fairfield how great it is going to be with the purchase of the GE headquarters. How even though the town will lose about $1.8 million in taxes, some will be made up by the Connecticut pilot program and the rest will be made up by increased employment and millions of more dollars to be spent in Fairfield. Baloney!
First of all, why would SHU students shop in Fairfield when the Trumbull Mall is so close to them? Why would SHU students come to Fairfield for snacks, gasoline and auto repair when Bridgeport is right next door.
I don’t see this helping Fairfield at all.
Also, why will parents of SHU students stay in motels and hotels in Fairfield when, in fact, they will have the GE hotel? To make matters worse, the GE hotel will probably be tax exempt as SHU says they are opening a hospitality program and thus it will be considered a school.
When First Selectman Tetreau says this will be a challenging time I believe he means hold on to your wallets, Fairfield, as we have to replace the lost revenue.
I have one final comment about tax-exempt status. How is it that a university can charge upwards of $50,000 per year and be considered tax exempt. Tax exemptions should only be given to state-run schools.
When I see schools like Yale, Harvard, Fairfield University, etc. and realize the money these institutions have invested, I have to question the validity of their being tax exempt.