Hotel/Conference Center Lesson from Our Berkeley Colleagues: What happens when university business plans don’t pan out?
Inside Higher Ed today pointed me to the article below about the UC-Berkeley stadium that appeared in the Wall St. Journal: (excerpt) As state legislators shrink its appropriations, it’s hard enough for the University of California-Berkeley to maintain the nation’s highest academic ranking among public colleges. But there now looms a financial threat from another, somewhat unlikely quarter: the university’s football program. Until now, the years-old effort to renovate the school’s football stadium, which sits on an earthquake fault line, never raised many alarms. Although its $321 million price tag would make it one of the most expensive renovations in college…