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Yale University officials have announced that a $2,500,000 donation from John Hay Whitney, a New York investor, will now permit the school to occupy the site of a projected eleventh upperclass college by 1957.
The University last week contracted to buy the land from New Haven for $3,000,000. Previously, however, Yale lacked the necessary funds to take possession of the land and to commence work on the college before 1960.
Yale has also purchased three high school buildings which now occupy the site. Under the contract Yale will wait for New Haven to erect two new high schools before remodeling one of the older buildings for classroom use and demolishing the other two.
President Griswold said that Yale must raise $500,000 from other sources to meet the final payment to the city due Oct. 1, 1956.
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