A potential dispute has been resolved between Yale and New Haven after the University struck a deal on Monday to buy the portions of High and Wall Streets on Yale’s campus permanently.
The price of both parts of the street will be set by a third party and agreed upon by both parties. The deal must be approved by the Board of Alderman before it becomes official.
Yale took control of the streets in 1990 and created pedestrian walkways surrounding Sterling Memorial Library. The original deal contained a clause that called for the city to reevaluate the agreement in 20 years. Though the matter resurfaced at the Board of Alderman in December of 2011 leading to a potential power struggle between New Haven and Yale.