fromInside Higher Ed | Higher Education News, Events and Jobs
3 days agoCUNY Plans to Buy Manhattan Campus
Cash-strapped Metropolitan College of New York is planning to sell its Manhattan campus to the City University of New York for $40 million, a regulatory filing first reported by Bloomberg shows. The two institutions signed a letter of intent on Monday, according to the regulatory filing, which notes that proceeds will be used to pay off a portion of MCNY's $67.4 million outstanding debt.
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