Facing Budget Troubles, Some Colleges Look to Sell the President's House
Briefly

The president of the New School in Manhattan is about to lose an extraordinary perk: a five-story West Village townhouse that for decades has served as the university head's official residence.
We can't even wrap our heads around what would it be like to live in a $20 million house, said Annie Larson, a union leader and adjunct professor at the Parsons School of Design.
To stay healthy, some have sought to sell off real estate assets to shore up their balance sheets.
Read at www.nytimes.com
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