We’re Not Alone in Pointing to the Risks of Open-Ended Capital Projects
Vannevar Bush From: The Endless Frontier: Reaping what Bush Sowed? by Paula Stephan (pp. 33-34)* NBER working paper 19687 (Nov. 2013) Excerpt: Overexpansion of research facilities In recent years, universities have gone on a building binge, constructing a substantial amount of new research space which led to a 30 percent increase in net assignable square feet for research between 2001 and 2011. Most of this increase is for facilities in the biological, biomedical and health sciences—a response of universities to the doubling of the NIH. Some of this space has been paid for by private philanthropy. At MIT, for…