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The Cooper Union moved to terminate RFR's ground lease of the Chrysler Building in September 2024, and RFR sued the college to prevent the termination of its lease. [ 261 ] [ 265 ] In its lawsuit, RFR claimed that the Cooper Union had driven away some tenants and had directed other tenants to make rent payments to the college rather than to RFR ...
The land under the Chrysler Building is owned by the endowment, [65] and as of 2009, Cooper Union received $7 million per year from this parcel. Further, under a very unusual arrangement, New York City real-estate taxes assessed against the Chrysler lease, held by Aby Rosen , [ 66 ] are paid to Cooper Union, not the city.
41 Cooper Square is a nine-story, 175,000-square-foot (16,300 m 2) academic center at Cooper Square, Manhattan, New York City, that houses Cooper Union's Albert Nerken School of Engineering with additional spaces for the humanities, art, and architecture departments.
A friend of Jerry Speyer, Bernhard was involved in the Tishman Speyer bid to take over management of the Chrysler Building, the land under which is Cooper Union's biggest asset, by agreeing to Tishman's proposal for a new lease for the building. [9]
October: The Cooper Union administration deletes mention of the full-scholarship and history of free education from the school's website. October 18: The inauguration of president Jamshed Bharucha takes place, and the literature provided during the main ceremony lacked any mention of "free" or "full-scholarship" in its full history and descriptions of the school.
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In an investigation of Cooper Union's finances released in a cross petition on September 2, 2015, New York state Attorney General Eric Schneiderman found that "President Campbell misinformed the community as to the strength of Cooper Union’s finances, when they had sufficient information to know the truth of the school’s increasingly dire ...
Jeep, Chrysler, and Dodge also have an oversupply problem, with well over 100 days' supply for each brand at the end of the summer, according to Cox Automotive. That's compared with an industry ...