NYU is currently looking to expand its facilities by six milliongross sf for housing and academic facilities and has mentioned thatthe Polytechnic campus is on its radar as a potential area forremote growth. As GlobeSt.comrecently reported at a Association of Real Estate Women's luncheon,Lynne Brown, SVP for University Relations and Public Affairs atNYU, told attendees that one of the areas they were looking forspace included the Downtown Brooklyn MetroTech campus among otherlocations.

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Polytechnic's MetroTech campus is located in Downtown Brooklyn;however, it also has graduate centers in Long Island, Westchesterand Manhattan. Although Polytechnic and NYU sources could notrespond to queries by deadline, an anonymous industry source tellsGlobeSt.com that "should the merger go through, it would relievesome of NYU's space issues in Manhattan. However, someone attendingNYU--and paying its tuition--would typically not be interested intraveling to Brooklyn, so it will not be an answer to a lot oftheir space needs issues."

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In 2004, merger talks failed because Polytech felt there werenot enough mutual benefits. "Poly was just out of a bad series ofyears financially, and there were declining enrollments," he said."The discussion was not between equals--it was about how to savePoly. It felt imbalanced."

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NYU Provost David Mclaughlin says in a prepared statement that"the 'due diligence' process--which involves the careful review ofall pertinent financial and operational information--is continuing.…A final key step is the review of the proposed merger by the NewYork State Board of Regents later this spring. We hope that theRegents view the proposed merger positively, and we respectfullyask them to consider the strong support for this merger that existsamong the trustees, faculty, and students at both institutions andto consider the beneficial impact it will have not only on NYU andPoly but on our state and city, providing--as the Center for anUrban Future noted in its report a few months ago--'the criticalspark' for strengthening the city's reputation as a world centerfor science and technology."

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Polytechnic board chairman Craig Matthews says in a preparedstatement that "this momentous affiliation will make New York aleading technological center for innovation, entrepreneurship andeconomic growth. It will yield huge benefits for faculty byincreasing research and collaboration, and will expandinterdisciplinary resources and programs for our studentsglobally."

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Polytechnic president Jerry Hultin says in a prepared statementthat "our Polytechnic community--the faculty, students, staff andalumni--is very excited about the new opportunities this dynamicpartnership will provide. This perfect fit between two greatuniversities will preserve and enhance Polytechnic's commitment totop-tier technology education and research, to the economicvitality of New York City and to our students' ability to competein the 21st century global economy."

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NYU Plans 2031 will provide a strategic framework to guide NYUas it seeks to locate approximately six million sf over the next 25years, as GlobeSt.com previously reported. The premise of NYU Plans2031 is that NYU would like to utilize its existing properties asefficiently and strategically as possible in order to limit itsneed for additional space.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.