Furthering the academic mission

Arizona State announced plans for a 330 acres development near downtown Tempe with offices, apartments and a hotel that could potentially bring in hundreds of millions of dollars for athletic facilities during the next two decades.

Hey, it’s what universities were created for, right?

13 Comments

Filed under It's Just Bidness

13 responses to “Furthering the academic mission

  1. DC Weez

    Where’s the new domed stadium?

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  2. Some very smart people in Arizona, I am told. Wish we could do that…except we are Land Locked on all sides. 🎈

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  3. Mayor

    How can this get by the IRS? This is supposed to be a non-profit educational institution. Start taxing schools that operate like this.

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    • Hogbody Spradlin

      Tax exempt organizations can earn a certain amount of ‘unrelated business taxable income’ if the after tax profits flow to the exempt purpose. Rule of thumb: not more than 15% of total revenues.

      I’m curious about what happens if the place starts sucking cash.

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  4. W Cobb Dawg

    I miss tax & spend liberals. They were better than the siphon-money-to-the-rich conservatives. Did I say siphon? I meant send full force through a firehose.

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    • Hogbody Spradlin

      And this relates to this post how?

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    • Uglydawg

      Miss them??? “were”?? Good giggey wiggley, W. Cobb…when did the tax & spend crowd leave? BTW..which European country is the president’s wife and kids touring this week at our expense?

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    • W Cobb Dawg

      Just wanted to see the usual foxians go batshit crazy when they see anything associated with the word liberal.

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  5. Dolly Llama

    I don’t know what you’re really objecting to, Senator. If they’ve got the land, and that land, developed properly and well, could support the athletics program sustainably, well, giddyup, no? Every major university has a significant real estate portfolio that generates income. If they have this land available for this use, well, hallelujah. Let’s welcome our Arizonan overlords.

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  6. Hogbody Spradlin

    My first thought was about ‘sticking to your knitting’. A bunch of career nonprofit people building a real estate development? Here’s hoping for proper delegation.

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  7. Dolly Llama

    ” the district and its capacity to generate revenue typifies the progressive thinking for which ASU has become known.”

    You can not argue with that, Senator. 🙂

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    • Uglydawg

      Capitalism meets Progressivism.
      I’m still pissed off at ASU for that “jumping to block a kick” penalty called against us.

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