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Reforming the UCONN Alumni Association
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[QUOTE="J187Money, post: 1353383, member: 718"] I'm not talking about the language in the actual deal. Guess what - whoever has the upper hand in any legal negotiations always preserves optionality. If they didn't, they should be fired. The Administration did what anyone with a good lawyer would do. Reality, however, is something different. Two thoughts: 1) If, with all of the construction / future plans - it is determined that a different Alumni "house" sort of facility would be in the best interest of UCONN, they want to preserve that right. I'll be honest, the only time I've even been in it is when Laura Cahill wanted me to come to one of the BB pregame events so I could meet people as part of my run for BoD last year. I know that Alumni money was spent on it (including my own life membership $) but honestly if the "needs" of the AA are met, I don't really care about the actual house. I would imagine that 99% of the Alumni have never been in it or honestly care about it. As I mentioned before, if the Alumni care about this, and Newton cares about the Alumni wallet, whatever the donor base wants will be what happens. 2) If Newton et al are successful, and the endowment continues to rise towards $1B, what's the likelihood that "our" $6M gets co-opted for nefarious purposes? Or even if it does, that UCONN at large isn't better off? Other than "well its ours and someone is trying to steal it" I'm still not really sure about the actual real-world implications. [/QUOTE]
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