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University cuts capital plan by $300 million
Published: Tuesday, November 25th, 2008
Correction Appended
The University will cut $300 million from its 10-year capital plan’s original commitments in response to the recent economic downturn, according to a University statement issued Monday. Though no projects will be eliminated from the long-term building ...(back to the article)
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Hmm I guess Princeton will have to stop patting itself on the back for its prudence during the economic crisis....they had just posted a story on the home website the other day!
The University frequently makes decisions that financially hurt the student body, such as cost-ineffective "sustainability" projects and the admittance of less-qualified students that happen to be non-Asian minorities. They justify this by pointing to the University as a model of "civic responsibility", in a distinctly leftist vein.
In a recession, what we need is increased consumer spending, and with its vast resources Princeton is well equipped to go on a spending spree. Such an action would be costly, yet send a powerful positive signal to other universities and the economy as a whole. But I guess the ivory tower types don't view economic stimulus as a sexy enough cause, unlike their usual lefty shenanigans.
Maybe they should put a hiring freeze on athletes next year.
don't we have trillions of dollars or something? 300 million is pocket change... what's the deal?
Reconstruction of Butler apartments? I thought they were going to be demolished and repurposed as faculty/staff housing.
stop subsizing the poor kids with scholarships and you'll save a boatload of money for the nice stuff.