Dorm bonanza: Colleges cash in on boom

Tax free is the way to go.The Boston Herald describes how some universities are rolling in the dough from building "posh" new dorms.You ask how the universities swing the financing?:

it's not just on hefty room charges that colleges make money.
Universities also typically cash in with tax exemptions or big tax breaks, as well as cheap, government-backed financing when it comes to construction...Those breaks – unavailable to private sector developers – can add up to hundreds of thousands, if not millions, a year in savings.
It's not a subject everyone is eager to discuss, though.

Those universities sure are special.