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Brooklyn school used old appraisal for NYU merger
Updated On 06/09/08 at 03:01PM
By Jane C. Timm
Brooklyn engineering school Polytechnic University failed to re-evaluate its real estate holdings during merger negotiations with New York
University, according to a critical state Senate report that slammed the controversial merger.
State senator Kenneth LaValle, a Long Island Republican, chaired the Senate committee that produced the report, which called Polytechnic's actions
"inconsistent with the duty of care that the Board owed to Polytech."