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Students, who did not vote to spend $135 million for a locker room to be used by 450 people, are now on the hook to pay for it.
"This spring, workers poured the concrete floors for a 142,000-square-foot, four-story Student Athlete High Performance Center that will house lockers for the UC football team and meeting rooms adjacent to seismically unstable Memorial Stadium.
The project is being paid for with $135 million in bonds. Campus financial officials planned to pay off those bonds with donations, but the gifts never came in and the stock market has tanked.
Now, UC Berkeley's department of intercollegiate athletics is responsible for paying off the center's bonds. There's a problem, though. The department has no money and last year it had to be loaned millions of dollars from campus general funds."
Why is tuition expensive? Incompetents are running the government schools. Looks like Cal has great athlete teams and the dumbest finance department in the State. Just ask the students forced to pay for their stupidity.
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"This spring, workers poured the concrete floors for a 142,000-square-foot, four-story Student Athlete High Performance Center that will house lockers for the UC football team and meeting rooms adjacent to seismically unstable Memorial Stadium.
The project is being paid for with $135 million in bonds. Campus financial officials planned to pay off those bonds with donations, but the gifts never came in and the stock market has tanked.
Now, UC Berkeley's department of intercollegiate athletics is responsible for paying off the center's bonds. There's a problem, though. The department has no money and last year it had to be loaned millions of dollars from campus general funds."
Why is tuition expensive? Incompetents are running the government schools. Looks like Cal has great athlete teams and the dumbest finance department in the State. Just ask the students forced to pay for their stupidity.
More...