When CU’s board of trustees decided last year to start charging tuition, its chair Richard S. Lincer claimed that to do so was “the only realistic source of new revenue in the near future.”
The Attorney General’s office will be looking into the decisions that left the university in such a precarious financial situation [...]
It will also investigate the decision to start charging tuition itself, which was the subject of protests, demonstrations, multiple occupations, and, currently, a lawsuit
— hyperallergic.com
4 Comments
Fiscal mismanagement (hedge funds!) topped by a $166m starchitect splurge originally budgeted at $110m.
Are Cooper Union’s finances fixable?
quietly bumping for the proper preservation of Peter Cooper's vision, the proper formation of a board oversight group, and the trustees being held accountable
bump
Looks like the building is smirking.
I can see the building becoming a symbol of curruption which is unfortunate and lazy. The building was paid for by a loan with land under the Chrystler Building (!!!!) as collatoral. And their endowment is 668 million. If they sold that, they could pay for student tuition. And yet--there are many other schools with large endowments that don't pay student tuition, so..... greed greed greed.
The theme in New York and the media world is that art and culture are being flooded with greed and money. I doesn't say anything about the quality of the architecture, but the quality of the people around it. Doing the right thing has become a quant concept when there is more $ to be made.
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