Originally Posted by
The Historian
I appreciate what you've posted on this, but I don't think it's quite so dire.
Tech was hoping to raise enough money from suite rentals to pay off everything in just a few years. Our leadership had to negotiate with potential suite holders, and the market didn't allow Tech to bring in those types of dollars. Then, as I understand it, some of the money from suite rentals is going back into the budget. The facility enhancement fee is covering the payments from a relatively small internal loan. It's not anything out of the ordinary.
The fact is Tech is very conservative when it comes to these types of things. I would even call it ultra conservative - to a fault in my opinion. As a university Tech has very little bonded debt and has stayed away from debt at almost all costs over the decades. There are downsides to that type of thinking.
We have students fees that are way too small. And facilities plans that are often piecemeal and can be described as anything but ambitious.