Malloy Will Sign $2 Billion UConn Expansion

[jostar1]

In the early morning hours of the final day of the 2013 legislative session Wednesday, the House of Representatives approved a bill that delivers $2 billion to the University of Connecticut over the next decade.

The bill, which cleared the state Senate last weekend, now goes to Gov. Dannel P. Malloy, whose administration helped craft the spending plan and says it will "position UConn as one of the leading research institutions in the nation."

http://www.courant.com/news/education/hc-uconn-funding-0606-20130605,0,855322.story

 

[EricLA]

Well that can only help with the conference realignment. Good for the state and the governor...

 

[zls44]

A lot of it is catchup. The state has spent twenty years bringing UConn to the level of support it should have been getting for a hundred years. The small endowment is the last castle- its a REALLY BIG castle, but they're breaking it down.

 

[Nostical]

There's another thread on this in the CR section. This is by all measures an incredible achievement for UConn and the State. Tremendous credit goes to Susan Herbst for being the most instrumental catalyst in bringing the legislature to vote so overwhelmingly in such a tough and contentious fiscal climate. Her leadership was outstanding.

 

[UConn9604]

A lot of it is catchup. The state has spent twenty years bringing UConn to the level of support it should have been getting for a hundred years. The small endowment is the last castle- its a REALLY BIG castle, but they're breaking it down.

It's a really, really big castle that grows with the time-value of money. Our failure to begin pursuing development efforts in the '60s, '70s and '80s is absolutely killing us today. It makes us look small-time when in nearly every other aspect, we are not.