Take the following as truth: But the imposing weight of its past is lightened by the lively cosmopolitan studentry of its two universities (its state university, one of Italy's largest, was founded in 1270; its international division was set up by Mussolini) and its contemporary popularity as the sight of one of Europe's most important jazz festivals each July.
Then the following statement: "It has two universities and it the location of a Jazz festival in July." is true, false, or inconclusive?
Answer: True