Arizona State pushes back in real estate fight

A rendering released on June 7, 2017, shows a planned pedestrian promenade to connect the Novus Innovation Center with existing venues at Arizona State University./Photo: Catellus Development Corp.

By Mike Sunnucks | Phoenix Business Journal

For Morgan Olsen it circles back to the well-worn adage of ‘teach a man to fish.’

But the problem for Olsen — CFO at Arizona State University — is that some fiscal conservatives at the Arizona Legislature don’t want the school to fish for real estate deals and its own revenue streams even after the same state assembly cut higher education budgets during and after the last recession.

Olsen said ASU lost $200 million in state funding over four years between 2008 and 2012. From 2009 to 2012, the state cut $400 million in funding to the three state universities, including ASU.

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