UA-R-GC-1914-01-01-1973-05-16_Page-013

-2- Although high, this price was felt to be one that the University could pay, and the Board ap~roved acquisition on this basis. (2) At the second stage the Governorate asked for title to the tennis courts on the New Campus, plus temporary occupancy of the Division of Public Serivce (DPS) until a replacement school is constructed on the tennis courts. (The second replacement school was to be built elsewhere in Cairo.) (3) The third stage involved a significant increase in the asking price: in exchange for the "Two Schools Site" the University would surrender title to the DPS as well as to the tennis courts and would also pay LE 40,000 in cash. The Business Manager pointed out that under the latter proposal the University would be losing approximately 1300 square meters more land than it would be acquiring. It was pointed out that the Governorate had over-valued the "Two Schools" land and buildings and had under-valued the tennis courts and DPS. President Thoron reviewed the history of discussions with AID con­cerning site acquisition and the library grant. He noted that AID had passed its own funding and fiscal problems on to AUC by establishing deadlines by which land had to be ~cquired under pain of losing the grant. This time­pressure put AUC at a strong disadvantage in negotiations with the Govern­orate. In order to cut short AID inferences that they were being misled as to the progress of negotiations for site acquisition, President Thoron informed Mr. Costantino on April 6 that Mr. Jacobsen would be instructed to do no further work until AVC had title to the site. Mr. Costantino said that AID could delay cancellation of the grant until May 15. (This dead­line was later extended several times.