Two parcels of property leased by the University of Chicago to a for-profit child care company are properly subject to real estate tax, an appellate court in Illinois has ruled. The properties were leased, without stated rent other than payments for specific services like snow removal, to Bright Horizons Children’s Centers, LLC, a for-profit business. University officers testified that the child care centers were important for the University to attract young faculty who expected on-campus spots for their children. More than 80% of the students in each facility were children of University personnel, with the balance open for the community. Bright Horizons generated a profit from the two...