Academy of Art Expansion to Face Planning CommissionPaul Hogarthbyline‚ Nov. 26‚ 2007If you’re a rent-controlled tenant who lives in the “TenderNob,” and Skyline Realty (a.k.a. CitiApartments) hasn’t bought your building yet, chances are that the Academy of Art will. That’s because the for-profit University doesn’t build new dorm housing for their students; they prefer to buy and convert existing buildings. On December 6th, the Planning Commission will hold a hearing about the Academy’s 10-year master plan – where the institution anticipates doubling its enrollment in the next 10 years. Some of that is through online courses, but there will be 6,000 more on-site students – and they guarantee housing for all students who request it. By the Academy’s own estimation, they plan to acquire more buildings to accommodate another 250 students in the next five years – which will mean further headaches for low-income tenants struggling to get by. |