Anonymous wrote:behind a paywall:
https://www.wsj.com/us-news/education/vanderbilt-university-plans-new-york-city-expansion-c77837d9?mod=hp_lead_pos11
Vanderbilt University is pursuing an ambitious expansion plan, one that would give it footholds far beyond Tennessee.
The university, based in Nashville, has signed a 99-year lease for a 2.2-acre property in Manhattan’s Chelsea neighborhood. The campus currently includes 13 buildings with 150,000 square feet of space.
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Vanderbilt has set its sights elsewhere, too. The university recently pitched a $520 million project in West Palm Beach, Fla. It has an agreement with the city there but is still in discussions with county officials. Programs there would focus on data science, fintech and engineering, the school has said.
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As colleges raise their price tags,
Vanderbilt and its peers are jostling for new ways to attract students. Location can be a significant selling point, given access to jobs and internships. Cornell University has established a tech campus on New York City’s Roosevelt Island, and Northeastern University has opened campuses around the U.S.
The space in New York is currently owned by the General Theological Seminary, an Episcopal seminary dating to 1817. That school has experienced financial pressure for decades, and previously sold some property to developers. The seminary said last fall that its campus, composed mostly of red brick buildings with design elements inspired by an Oxford college, had more than $32 million in deferred maintenance needs.
Vanderbilt still needs state approval for its New York operation. Diermeier said the school hasn’t yet decided what it will offer in New York, but added that programs are possible in fashion, media and finance—all fields for which the city is a hub.