On a related note, I remember that Herbst had an economic analysis performed in regards to UConn and it came out something to the tune of 3.4 billion dollars in economic benefit to the state of Connecticut (TrippUmbach consulting agency). I'm having a hard time finding the original report, but here is a reference to it from a DailyCampus article:
Study: UConn had $3.4 billion economic impact on Connecticut in 2014
Of course, those types of analyses are fraught with unrealistic assumptions and such. But I don't remember it getting much push back from UConn detractors or those in the legislature that seek to lower UConn funding, so it led me to believe that the study was mostly supported with good data. Take it for what it's worth...