www.nytimes.com
4 months agoEducation
Facing Budget Troubles, Some Colleges Look to Sell the President's House
The New School in Manhattan is selling its president's official residence, a five-story townhouse worth $20 million, in an effort to stabilize its finances.
Shaky student enrollment and financial challenges are leading smaller colleges in New York City and around the country to sell off real estate assets. [ more ]