Sunday, January 25, 2009

Buy Buy Buy: Penn State Continues To Expand

While Penn State leadership continues to sing the financial blues as an excuse for higher tuition and lower salaries, they're continuing the rapid expansion by purchasing more buildings and properties.

Penn State will pay $4.4 million to buy the James Building, which it currently rents as offices for the Daily Collegian and The College of Communication. This is on top of last spring's purchase of the Houtz property for millions more.

Long-term, they're saying that the move will save money. But, it's impossible to justify this spending when we're in such precarious financial position.

Unless, of course, we're not in that bad of financial straits and this is the typical BS and PSU.

2 comments:

Veblen said...

FYI, Penn State lobbied against the Employee Free Choice Act in the last quarter of 2008.

Anonymous said...

Lots of buildings, not enough money to run them. Of course, that doesn't matter...