Stanford University Officials Express Misgivings About NYC Tech Campus Negotiations


Make text smaller Make text larger



Photos





From City & State's Heard Around Town, May 9, 2012: In aNew Yorkerarticle last month, Stanford University officials expressed misgivings about the Bloomberg administration's behavior in negotiations on a proposal to build a New York City tech campus - a proposal that was eventually scuttled before Cornell University won the bid. The negotiations reportedly left Stanford PresidentJohn Hennessey"seething," and he accused the city of changing the terms. The university's general counsel,Debra Zumwalt, told the magazine that the city had belatedly added millions of dollars in penalties, and said that she had "never seen negotiations that were handled so poorly by a reputable party." Asked yesterday to respond to the comments, MayorMichael Bloomberginsisted that the city "dealt fairly with every applicant" but that the city would never give away something so valuable - the land and the millions in upgrades - without some guarantees. "I just don't know the woman," he said about Stanford's counsel. "I don't know her. I can just tell you that my experience, mostly with John Hennessy, the president of Stanford, was nothing but great. He's a great, educated, smart guy, good leader, and it's just a shame that it didn't work out." To read more from City & State [click here](http://www.cityandstateny.com).





Make text smaller Make text larger

Comments



MUST READ NEWS

VIDEOS



Subscribe to our mailing list

* indicates required
Neighborhood Newsletters





MOST READ

MOST COMMENTED