Upper Estate - Revision history

Absentminded: Undo revision 45612 by Absentminded (talk) sorry fat fingers.

2013-05-16T20:24:27Z

Undo revision 45612 by Absentminded (talk) sorry fat fingers.

Absentminded: Reverted edits by Admin (talk) to last revision by Absentminded

2013-05-16T20:18:51Z

Reverted edits by Admin (talk) to last revision by Absentminded

Admin at 20:12, 16 May 2013

2013-05-16T20:12:33Z

Absentminded at 05:55, 10 May 2013

2013-05-10T05:55:37Z

Pacman: /* Sale to Present */

2013-05-09T15:13:37Z

‎Sale to Present

PSterne: /* Sale to Present */

2013-05-09T08:09:30Z

‎Sale to Present

Absentminded: /* External links */

2013-05-09T04:01:26Z

‎External links

Absentminded: /* Early History */

2013-05-09T04:01:06Z

‎Early History

Reaganaut at 14:08, 22 November 2012

2012-11-22T14:08:25Z

Reaganaut at 07:48, 22 November 2012

2012-11-22T07:48:29Z

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 ==Sale to Present==
-After selling the property to the Rockefellers in [[1985]], the property has in a way come full circle. [[w:Tishman-Speyer|Tishman-Speyer]], co-owned by real estate developer and manager [[w:Jerry Speyer|Jerry Speyer]] [[CC]] ’[[1962|62]] [[Columbia Business School|B]] ’[[1964|64]], bought the property in 2001.
+After selling the property to the Rockefellers in [[1985]], the property has in a way come full circle. [[w:Tishman-Speyer|Tishman-Speyer]], co-owned by real estate developer and manager [[w:Jerry Speyer|Jerry Speyer]] [[Columbia College|CC]] ’[[1962|62]] [[Columbia Business School|B]] ’[[1964|64]], bought the property in 2001.
 == External links ==

@@ Line 21: / Line 21: @@
 ==Sale to Present==
-After selling the property to the Rockefellers in [[1985]], the property has in a way come full circle. [[w:Tishman-Speyer|Tishman-Speyer]], co-owned by real estate developer and manager [[w:Jerry Speyer|Jerry Speyer]] [[Columbia College|CC]] ’[[1962|62]] [[Columbia Business School|B]] ’[[1964|64]], bought the property in 2001.
+After selling the property to the Rockefellers in [[1985]], the property has in a way come full circle. [[w:Tishman-Speyer|Tishman-Speyer]], co-owned by real estate developer and manager [[w:Jerry Speyer|Jerry Speyer]] [[CC]] ’[[1962|62]] [[Columbia Business School|B]] ’[[1964|64]], bought the property in 2001.
 == External links ==

@@ Line 21: / Line 21: @@
 ==Sale to Present==
-After selling the property to the Rockefellers in [[1985]], the property has in a way come full circle. [[w:Tishman-Speyer|Tishman-Speyer]], co-owned by real estate developer and manager [[w:Jerry Speyer|Jerry Speyer]] [[CC]] ’[[1962|62]] [[Columbia Business School|B]] ’[[1964|64]], bought the property in 2001.
+After selling the property to the Rockefellers in [[1985]], the property has in a way come full circle. [[w:Tishman-Speyer|Tishman-Speyer]], co-owned by real estate developer and manager [[w:Jerry Speyer|Jerry Speyer]] [[Columbia College|CC]] ’[[1962|62]] [[Columbia Business School|B]] ’[[1964|64]], bought the property in 2001.
 == External links ==

@@ Line 2: / Line 2: @@
 The '''Upper Estate''' was a piece of property given to Columbia in [[1814]] by the State of New York in lieu of cash support (which it had given to other New York Colleges), better known today as [[Rockefeller Center]]. Generally considered at the time to be a lousy bit of property that cost more to maintain than it generated in rent, it went on to become the cornerstone of Columbia's endowment when the city's central business district relocated to midtown. In a twist of fate, Rockefeller Center is currently owned by a Columbia alumnus.
-The Upper Estate should not be confused with Columbia's [[Midtown campus]], which was located a block to the east.
+The Upper Estate should not be confused with Columbia's [[Midtown campus]], which was located a block to the east. It was called the Upper Estate to distinguish it from the [[Lower Estate]], the five acre property in downtown Manhattan that served as Columbia's first permanent campus.
 ==Early History==

@@ Line 21: / Line 21: @@
 ==Sale to Present==
-After selling the property to the Rockefeller's in [[1985]], the property has in a way come full circle. [[w:Tishman-Speyer|Tishman-Speyer]], co-owned by real estate developer and manager [[w:Jerry Speyer|Jerry Speyer]] [[CC]] ’[[1962|62]] [[Columbia Business School|B]] ’[[1964|64]], bought the property in 2001.
+After selling the property to the Rockefellers in [[1985]], the property has in a way come full circle. [[w:Tishman-Speyer|Tishman-Speyer]], co-owned by real estate developer and manager [[w:Jerry Speyer|Jerry Speyer]] [[CC]] ’[[1962|62]] [[Columbia Business School|B]] ’[[1964|64]], bought the property in 2001.
 == External links ==

@@ Line 25: / Line 25: @@
 == External links ==
 *[http://query.nytimes.com/gst/abstract.html?res=940CE7DC1731E433A25752C1A9659C94629FD7CF FOUND IN ANCIENT GRANTS; THE WISE RESTRICTIONS OF OLDTIME LAND-OWNERS], New York Times, March 11, 1883
 [[Category:Midtown]]
 [[Category:Endowment]]

@@ Line 7: / Line 7: @@
 The property that would eventually come into Columbia's possession and become Rockefeller Center first began as a botanical garden owned by a Columbia professor of Medicine, [[David Hosack]]. Hosack purchased 20 acres 3.5 miles north of any settled part of Manhattan, which encompassed what is today the land bound by Fifth and Sixth Avenues between 47th and 51st Streets. Hosack built the Elgin Botanical Garden, named after his father's birthplace in Scotland, and would hold a strawberry festival there at the end of each spring term in order to show his students the practical applications of their study of botany at a theoretical level. Neverthless, Hosack sold the property to the State in [[1811]] for 25,000 dollars.
-In [[1814]] New York State deeded the property to Columbia by act of legislature, but the move was meant to be a backhanded gesture. In the early eighteen hundreds the state government lavished resources on newly opened upstate colleges such as [[w:Union College|Union College]] and [[w:Hamilton College|Hamilton College]] while giving Columbia the cold shoulder. In [[1814]] the state made a cash grant of $200,000 to Union College, and $40,000 to Hamilton College. Columbia received nothing. As a consolation prize, the state legislature gave Columbia Hosack's now-overgrown garden, valued at $10,000. To add insult to injury, the state barred Columbia from developing the property commercially, stating that it could only be used as a location for a new campus. In 1819, Gov. [[DeWitt Clinton]] took pity on his Alma Mater and orchestrated the elimination of the restrictive covenant and a grant of $10,000 to make up for the worthlessness of the property.
+In [[1814]] New York State deeded the property to Columbia by act of legislature, but the move was meant to be a backhanded gesture. In the early eighteen hundreds the state government lavished resources on newly opened upstate colleges such as [[w:Union College|Union College]] and [[w:Hamilton College|Hamilton College]] while giving Columbia the cold shoulder. In [[1814]] the state made a cash grant of $200,000 to Union College, and $40,000 to Hamilton College. Columbia received nothing. As a consolation prize, the state legislature gave Columbia Hosack's now-overgrown garden, valued at $10,000. To add insult to injury, the state barred Columbia from developing the property commercially, stating that it could only be used as a location for a new campus. In 1819, Gov. [[DeWitt Clinton]] took pity on his Alma Mater and orchestrated the elimination of the restrictive covenant and a grant of $10,000 to make up for the worthlessness of the property.<ref>[http://books.google.com/books?id=s0IwAQAAMAAJ&dq=Passed%20by%20the%20Trustees%20of%20Columbia%20College&pg=PA26#v=onepage&q&f=false]</ref>
 ==Columbia's Cash Cow==

← Older revision		Revision as of 14:08, 22 November 2012
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	[[Category:Midtown]]		[[Category:Midtown]]
−	[[Category:~~Skyscrapers~~]]	+	[[Category:Endowment]]

← Older revision		Revision as of 07:48, 22 November 2012
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	*[http://query.nytimes.com/gst/abstract.html?res=940CE7DC1731E433A25752C1A9659C94629FD7CF FOUND IN ANCIENT GRANTS; THE WISE RESTRICTIONS OF OLDTIME LAND-OWNERS], New York Times, March 11, 1883		*[http://query.nytimes.com/gst/abstract.html?res=940CE7DC1731E433A25752C1A9659C94629FD7CF FOUND IN ANCIENT GRANTS; THE WISE RESTRICTIONS OF OLDTIME LAND-OWNERS], New York Times, March 11, 1883

−	[[Category:~~New York City~~]]	+	[[Category:Midtown]]
		+	[[Category:Skyscrapers]]