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View Diary: Chicago schools lay off 2,100 while city puts $55 million into college basketball arena (67 comments)

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  •  Endowment (1+ / 0-)
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    smileycreek

    The thing about universities is that we know how much they have in their coffers. From their own site: The university’s endowment was $384,255,000 on June 30, 2011.

    So two years ago, they had nearly $400 MILLION. Why is that money not being used for the arena?

    The city -- all cities, all governments -- need to get out of the stadium business.

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