Struggling N.Y. College to Sell Off Manhattan Campus

Metropolitan College of New York will sell off all or part of its Manhattan campus as part of a deal officials struck with bondholders after the college broke bond covenants, Bloomberg reported. MCNY has another campus in the Bronx. The forbearance agreement will also allow the college to skip a Nov. 1 payment on its debt. MCNY currently has a reported $61 million in outstanding municipal bonds.