Quote:
Originally Posted by steveosnyder
I can see it coming already, the City will help the University pay for this housing with TIF or some other stupid tax scheme (they may end up justifying this as some sort of TOD), making everyone pay for the policy choices of the University. Why doesn't the university just speed up the process of opening up the golf course land for residence?
|
The University's priorities are so completely messed up, I have no idea how you salvage them. And the truth is that its mostly the fault of the individual faculties. There is so much money awash within the alumni, but its all earmarked for the projects of the megalomaniacs who ultimately want to fund a faculty building with their name on it somewhere. There's no glamour in subsidizing housing. So, like all educational institutions these days, the eye is towards constant expansion with no accounting for the maintenance of anything. Instead of having money to subsidize or even properly direct tuition towards housing, there isn't any left. The U of M's biggest problem with the Southwood lands is that they have no money! This, all as the more upper-tier faculties sit with tens of millions in commitments for new faculty buildings.
Hell, nursing is about to get a new $100MM faculty. It's total lunacy when you think about how many students could be housed for even half of that.
The U of W ran into the same problem with McFeetors Hall. Instead of building low-key housing that you could run at a discount, they undertook an architectural masterpiece that doesn't come anywhere close to paying for itself and now it's a huge millstone around the neck of the U of W.
University housing should be an issue for the Feds and the Province if there is subsidy. And if it's housing international students, the costs should be baked into the tuition. And if that cuts down on the number of international students, then that's too bad for the U of M. The university doesn't need $100MM faculty buildings.