Top 9 Rips Against NYU by People Who Love the School, Hate Expansion

(pssst … you can get a copy of While We Were Sleeping; NYU and the Destruction of New York here: http://bit.ly/NK2SMb)

Top 9 Rips Against NYU by People Who Love the School, Hate Expansion
Monday, August 13, 2012, by Dave Hogarty

“While We Were Sleeping; NYU and the Destruction of New York” is a piece of paperback protest published by writers and educators agains NYU’s current expansion plans in Greenwich Village and in support of NYU Faculty Against the Sexton Plan. It’s a quick read and easy to one-hand on the subway, where you’ll get some nods of agreement or eye-rolls from fellow straphangers acknowledging the title. To say that the NYU 2031 (or Sexton) Plan has generated strong feelings in opposition would be an understatement. Within the book’s covers, some of the Village’s most skilled wordsmiths use their talents to rip their employer/neighbor/benefactor a new one. We’ve chosen nine of our favorites:

There is no evidence that NYU will ever be able to pay for its expansion, nor has the university made any effort to provide any. I think NYU is going to go bankrupt before the construction is finished, and the Village will become a Detroit-esque necropolis of abandoned buildings with tattered, neglected NYU flags flying in front.—Patrick W. Gallagher

With mortgage and other credit markets still in the doldrums, universities have become a very attractive option for investors looking for high returns on debt-financed growth. Money capital has poured into construction bonds, student loans, and other financial instruments spun out of the tuition bubble. When FIRE [finance, insurance, and real estate industries] gets hooked on ICE [intellectual, cultural, and education industries], the result is a vast pool of melted water, in which the indebted are already half-drowning.—Andrew Ross

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