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Thu Feb 21, 2013, 09:46 AM

As Growth Shifts Into Overdrive, NYU Faces a Rebellion From Within


On June 29 of last year, the members of the New York City Council's Land Use Committee gathered at City Hall to consider a local property holder's request for permission to undertake a substantial building project. Meetings of this sort generally produce, in onlookers and often in the participants themselves, a nearly narcotic boredom, but this one was different. The property owner was New York University, and the project at issue was a 20-year program of rolling construction that will radically increase NYU's footprint in Greenwich Village. The chamber was packed with an audience so raucous that the committee frequently had to halt the proceedings to restore order.

NYU President John Sexton acknowledged that the construction plan would have an unavoidable impact on the neighborhood, but told the council members that it was necessary to fulfill the mission of the university. "This is not a development project," Sexton insisted. "It's an academic project. We have half the space per capita of most of our peer schools." The need for the construction project was clear, Sexton told the committee. "The deans who spend their time doing this are unanimous," he said. "The trustees are unanimous on this, the university administration is unanimous, and we're the people that are asked to be the fiduciaries for the long term of the university."

There was bound to be some friction as NYU pursued its manifest destiny. There always is when the wrecking balls come out. Some neighbors are still bitter about NYU's previous fits of expansion in the 1960s and again in the '90s; in both periods, the university earned its reputation as an insatiable beast swallowing entire neighborhoods. But the current proposal goes much, much further. And it doesn't stop at the edges of New York City.

Dubbed "NYU 2031," the plan calls for 2.8 million gross square feet of new construction—slightly less than all the floor space in the Empire State Building—in the two blocks bound on the south and north by Houston and 3rd streets and on the east and west by Mercer Street and LaGuardia Place. The construction would dramatically increase local retail space, displace a dog run, and entail the demolition of the historically significant 1959 Washington Square Village Garden by Hideo Sasaki. Along the way, NYU would build—and then tear down—a temporary gym for its student athletes. It would also renege on promises it made 50 years ago, when it built the existing residential towers, to not further crowd the area.

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Reply As Growth Shifts Into Overdrive, NYU Faces a Rebellion From Within (Original post)
xchrom Feb 2013 OP
snot Jun 2013 #1

Response to xchrom (Original post)

Fri Jun 21, 2013, 12:49 PM

1. Did you see this?

http://www.democraticunderground.com/111636854#post7 :

At NYU, plunder has become a very attractive career path.Naked Capitalism / By Yves Smith

When union members demand decent pay levels and work conditions, they are charged with featherbedding and overmanning or the new neoliberal catchall, “demanding uncompetitive wages”. But when the upper crust loots institutions, the mainstream media is typically missing in action. The latest find is from Pam Martens, who has been keeping tabs on the administrator-enriching real estate racket at NYU. She ferreted out an egregious housing deal for Jack Lew when he was at NYU. As we wrote in February:

Recall that Lew is essentially a career elite technocrat, with his major stint out of government being during the Bush Administration, when he first served as the Executive Vice President for Operations at NYU (where his noteworthy accomplishment was busting the bargaining rights of grad students) and then became the chief operating officer for Citigroup’s alternative investment group….

Lew came from a job at NYU where he already looks to have been considerably overpaid. He received over $840,000 for the academic year 2002-2003, which had him earning more than most university presidents, including NYU’s president. And on top of that, as Pam Martens ferreted out, he was apparently given a $1.3 million house. I’m not making that up, go read her piece. The mechanism was that NYU lent the $1.3 million to buy the house to Lew and then forgave it over five years. Oh, and they paid him the money to pay the interest too. We will assume that the forgiveness of debt was reported properly to the IRS.

* * * * *
Benjamin Ginsberg says that 30% of the increase in educational costs over the last twenty-five years is due to administrative “growth”. That sounds low to me, and I’d imagine the overheads have attributed as much of their costs as possible to program. For instance, universities have also overspent on facilities, and a big building program not only justifies more adminisphere, but some of those costs may have been allocated to the big build rather than as ongoing overheads. I mean, why have Jack Lew types around if they can’t pretty up the books?


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