It goes back 25 years ago to Real Estate and Money?
Donald Trump was demanding $400 million from Columbia University.
When he did not get his way, he stormed out of a meeting with university trustees and later publicly castigated the university president as “a dummy” and “a total moron.”
That drama dates back 25 years.
Today, these two New York City institutions — the billionaire president of the United States and the 270-year-old Ivy League university that has cultivated 87 Nobel laureates — have been locked in an extraordinary clash involving free speech, academic freedom and the federal government’s role in funding higher education.
The first battle between Mr. Trump and Columbia involved the most New York of New York prizes. It was over a lucrative real estate deal, according to interviews with 17 real estate investors and former university administrators and insiders, as well as contemporaneous news articles.
Some former university officials are quietly wondering whether the ultimately unsuccessful property transaction sowed the seeds of Mr. Trump’s current focus on Columbia. His administration has demanded that the university turn over vast control of its policies and even curricular decisions in its effort to quell antisemitism on campus. It has also canceled federal grants and contracts at Columbia — valued at $400 million….
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In the previous dispute, Lee C. Bollinger, the former president of Columbia who eventually opted not to pursue the property owned by Mr. Trump, chose instead to expand the Columbia campus on land adjacent to the university. “I wanted for Columbia a much more ambitious project than the Trump property would permit, and one that would fit with the surrounding properties, that would blend in with the Morningside campus and the Harlem community,” he said in an interview…
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The property was at the southern tip of a much larger 77-acre site Mr. Trump had owned since the early 1970s, a former freight yard that was once the largest undeveloped parcel in Manhattan. In the early 1990s, Mr. Trump had made no progress in developing the site after amassing more than $800 million in debt, most at very high interest rates, and couldn’t afford bank payments on the property….
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By 2000, Mr. Trump had set his sights on a new partner: Columbia, which he had heard was looking for space. A development there would have been a departure for the university. It was more than two miles from Columbia’s campus and relatively small, requiring it to be built up, with towering buildings.
Still, the idea captured the attention of several trustees and some top administrators. For more than a year, they discussed what could become of the land, mostly with officials at the Trump Organization and sometimes with Mr. Trump himself. Mr. Trump even coined a name for the potential development: “Columbia Prime’…
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An administrator rebuffed Mr. Trump’s request. The university does rename buildings, the person told him, noting that its engineering school had been recently named for a businessman who had donated $26 million. If Mr. Trump wished to make such a gift, the person said, there were other officials at Columbia who would be eager to meet. Mr. Trump did not make a donation.
As the discussions dragged on, many people from Columbia grew frustrated with their dealings with Mr. Trump….
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“Columbia Prime was a great idea thought of by a great man, which ultimately fizzled due to poor leadership at Columbia,” Mr. Trump wrote.
He signed it with a black marker and scribbled, “Bollinger is terrible!”
Mr. Trump also shared his indignation in an interview with The Wall Street Journal. “Years after the deal fell through,” the newspaper said, “Trump is still irate. ‘They could have had a beautiful campus, right behind Lincoln Center,’” Mr. Trump told the reporter and called Mr. Bollinger a “total moron.”
Mr. Trump was perhaps staying true to principles outlined in “How To Get Rich,” an advice book he co-wrote a few years after his deal with Columbia went sour.
One chapter is titled “Sometimes You Have to Hold a Grudge.”….
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