If you want to save it, get it put on the National Register of Historic Places.
Here's the wikipedia entry on the architect, Bertram Goodhue. He designed a lot of significant buildings. Destroying his work is pretty shameful. So much of historic New Brunswick has been torn down and destroyed already.
https://en.wikipedia.org/wiki/Bertram_Goodhue
March 4, 1914 Daily Home News
"J.H. Ford, Friend of Rutgers, Dies A Victim of Income Tax Worry"
Part I:
http://newbrunswick.archivalweb.com...=q=%22Ford+Dormitory%22&p=2&r=0&s=a&o=0&ps=15
Part II:
http://newbrunswick.archivalweb.com...=q=%22Ford+Dormitory%22&p=2&r=0&s=a&o=0&ps=15