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February 28, 2008
A word from the President
Re: City Tech's New Academic Facility
As all of you are aware, in 2005 Forest City Ratner Companies (FCRC) was selected by The City University of New York as its partner to develop a mixed-use project on the site of the current Klitgord Building. The project included a 340,000 square foot Academic Building for the College as well as a residential tower to be built by FCRC and designed by the world-renowned architect Renzo Piano in conjunction with Perkins Eastman Architects.
Unfortunately, it has been determined that the timing, increased costs and other complexities associated with developing such a mixed-use project cannot be reconciled with the College's immediate need to move forward with enhanced academic space to serve our growing student enrollment. Consequently, CUNY and FCRC have mutually agreed to amicably end the partnership.
Please know that the University and the College are moving quickly to expedite the development of a first class academic facility for the College in cooperation with the New York State Dormitory Authority and without a private developer. The full commitment of the University to this project, and the required funding, remain assured and efforts are being extended to bring our much needed academic facility on-line as soon as possible. Further information will be provided as it becomes available.
Thank you.
[CityTech] President Russ Hotzler
Posted by lumi at February 28, 2008 6:02 PM