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May 21, 2008

Senate report warns of breach of duty in "done deal" Polytechnic-NYU consolidation

Atlantic Yards Report

Two-and-a-half months after the board of Polytechnic University (Poly) in Brooklyn voted to approve a controversial consolidation into much larger New York University (NYU), the chairman of the State Senate Committee on Higher Education has raised some serious questions about the deal, though it's unclear whether those questions--outnumbered by allegations dismissed--are enough for the state Department of Education or the Board of Regents to withhold their approval.
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Poly, a small engineering school at Brooklyn’s MetroTech that draws mainly on local students, offers NYU, a Greenwich Village-based university with international reach, two things it needs: an engineering school and, crucially, land, including air rights subject to a letter of intent Poly has signed with Forest City Ratner, its neighbor and lead partner on MetroTech.

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Posted by eric at May 21, 2008 9:12 AM