Quote:
Originally Posted by Londonee
Hey Gar, is there a practical reason why Penn doesn't just build taller buildings? They run out of space before each building is finished and have to immediately look to build additional facilities to contain the growth. Seems absurd to not build at least one or two towers with an extra 10-20 floors.
Is there something functional with what happens in these buildings that doesn't allow height?
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It seems like every VP and AVP I talk to seems to agree that we always run out of room. The "Board" has to approve all of the capital projects, which includes the bosses of the VPs and whatever other mysterious figures actually run things. I've been there over 10 years and have no idea who those people actually are. I'm curious, but I don't think I really want their attention by asking too many questions. I mean there is an easily seen list of 55+ trustees for Penn itself, Amy is one of them, but I have no idea if there is a mini-board for Penn Medicine. I would think big expenditures would be the trustees of the university itself. I've always wondered how one gets to be in that little club and what they really do. :^)
I know Penn never wants to over-extend itself and maybe that is why they do not build big. They have a piece of the Science Center so they can always fall back on leasing that space, but they would never want to be stuck with space and then hit hard times. I do believe they love to hop in at the most opportune time to lease space cheap like they keep doing at Centre Square. They probably also got a great deal on that 100k sf in FMC since they hopped on board early.
I'm also wondering when Jefferson and Abington health systems "merge", who makes that decision and who is getting cash in their pocket for agreeing to it? Beats me LOL.
Cheers,
G.