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.

READ ON:

Share this!

Additional Articles

Goodyear approves land purchase

By Mary Goldmeer | YourValley The Goodyear City Council unanimously approved a proposal to purchase a 13-acre parcel for $8.4 million. The acquisition, is planned to support future expansion

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.