President James McNaughton Hester

President James McNaughton Hester

On October 25, 1962, James M. Hester was inaugurated as the eleventh president of New York University. During his tenure as president, the University -- along with New York City as a whole -- went through a major financial crisis. In 1972, Hester appointed a task force to come up with ways to reduce expenses without compromising the university’s standards. In July of 1973, after the passage of a special bill by the state legislature, NYU sold the city its University Heights campus for $61.9 million. University college merged with Washington Square College downtown.

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