Bloomberg News

NYU Reduces Campus Expansion Plan in Greenwich Village by 19%

April 11, 2012

A New York University student works in the shadow of the Washington Square Arch on the school's Greenwich Village campus in New York. Photographer:  Daniel Acker/Bloomberg News.

A New York University student works in the shadow of the Washington Square Arch on the school's Greenwich Village campus in New York. Photographer: Daniel Acker/Bloomberg News.

New York University has reduced a plan to expand its campus by about 377,000 square feet of space, or 19 percent, in a deal struck by Scott Stringer, the Manhattan borough president.

Stringer is supporting approval of the project in the historic Greenwich Village section of Manhattan, he said in a statement posted on his website today.

NYU, the largest private, nonprofit university in the U.S. by enrollment, is looking to expand by building new academic facilities, student and faculty housing and retail space in time for its 200th anniversary in 2031. Officials from the school, neighborhood and Stringer’s community task force have held more than 50 meetings in five years on the issue.

“This is a good and important step, and a recognition that universities need to grow to maintain excellence and that strong universities are important to keeping our city strong,” NYU President John Sexton said in the statement. The agreement “will enable NYU to meet the long-term academic space needs of its faculty and students while being sensitive to the concerns of our surrounding community.”

Alumni of NYU, founded in 1831, include former Federal Reserve Chairman Alan Greenspan and Rudolph Giuliani, the former New York City mayor.

To contact the reporter on this story: Janet Lorin in New York jlorin@bloomberg.net.

To contact the editor responsible for this story: Lisa Wolfson at lwolfson@bloomberg.net.


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