New York University is picking up the cost of creating a 4,200-square-foot penthouse duplex for its new president, Andrew Hamilton, The New York Times reports. With his January arrival from the University of Oxford, the college is completely renovating a cermonial campus facility into a four-bedroom, four-and-a-half-bathroom unit with a rooftop terrace in a landmark Greenwich Village building, described as “swanky” by an NYU spokesperson. The construction is estimated to cost at least $1.1 million, but could run as much as twice that amount. The decision comes as the school is one of the many American universities under pressure to cut high tuition costs.
Read it at The New York Times
