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Difference between Public and Private Universities

walshtrips

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Oct 22, 2006
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The Colorado AD response to a financial question is all too common at taxpayer funded universities:​

Colorado AD Rick George was asked how CU came up with the money to hire Deion Sanders. He said, "We don't have the money yet, but I know we'll have it, so I'm not worried about that piece." #cubuffs

Wouldn't it be nice to live in that reality?
 
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There are no guarantees about state funding for athletics, and sometimes politics results in weird outcomes. That’s the reason why Connecticut plays has its games in Hartford and our football stadium is located in East Hartford, 30 minutes off campus. Both the XL Center and Rentschler field are owned by the state and run by the “CDRA” which is a quasipublic entity. For men’s and women’s basketball games, UConn has to pay $100,000 per game in leases and fees to play in Hartford. Basically, unless it is a sellout, we lose money playing in Hartford. We also have to pay to lease Rentschler field and if the stadium loses money we have to cover the first $250,000 of that. When you hear about the Connecticut athletic department, running a multi million dollar deficit, that’s a big reason why.

Still, it is a huge advantage to be able to have this state bond for buildings and facilities. On the other hand because we are a state owned entity in Connecticut we have to pay above market labor rates for construction. Sacred Heart University and UConn both built hockey rinks this year. Connecticut’s was 30% more expensive, had less seats, was begun sooner, but finished later than SHU.

Probably the biggest advantage is the fact that the state makes a huge payment to the university to subsidize the cost of education there, which, in turn, allows us to have a pretty decent size campus population.

There are definitely big advantages to being a public university, but there are a lot of quirky things that come with it.
 
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I remember when CT residents were against Mohegan Sun & Foxwoods. Gov't assured them that all proceeds would go to supplement education budgets. What the gov't didn't tell them was they would gut existing education budgets & use that existing money for "pet" projects. Back in 2008-09 when casinos were hurting gov't was screaming they had no $ for education.
 
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There are no guarantees about state funding for athletics, and sometimes politics results in weird outcomes. That’s the reason why Connecticut plays has its games in Hartford and our football stadium is located in East Hartford, 30 minutes off campus. both the XL Center and Rentschler field are owned by the state and run by the “CDRA” which is a quasipublic entity. For men’s and women’s basketball games, UConn has to pay $100,000 per game in leases in fees to play in Hartford. Basically, unless it is a sellout, we lose money playing in Hartford. We also have to pay to lease Rentschler field and if the stadium loses money we have to cover the first $250,000 of that. When you hear about the Connecticut athletic department, running a multi million dollar deficit, that’s a big reason why.

Still, it is a huge advantage to be able to have this state bond for buildings and facilities. On the other hand because we are a state owned entity in Connecticut we have to pay above market labor rates for construction. Sacred Heart University and UConn both built hockey rinks this year. Connecticut’s was 30% more expensive, had less seats, was begun sooner, but finished later than SHU.

Probably the biggest advantage is the fact that the state makes a huge payment to the university to subsidize the cost of education there, which, in turn, allows us to have a pretty decent size campus population.

There are definitely big advantages to being a public university, but there are a lot of quirky things that come with it.
The obstacles end up costing taxpayers money, however, they don't stop the endless spending. Point being, a school like SHU doesn't have the ability to operate on deficit spending and must live within its' means. Limted revenue equals limited spending.
 
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The obstacles end up costing taxpayers money, however, they don't stop the endless spending. Point being, a school like SHU doesn't have the ability to operate on deficit spending and must live within its' means. Limted revenue equals limited spending.
Keep in mind that the University of Connecticut isn’t running at a loss, just the athletic department is. A huge part of that loss, as discussed above is really “intra-company, transfers.“ State of Connecticut pays the university of Connecticut to pay the CDRA, which is owned by the state of Connecticut. The net result is that the CDRAs annual deficit looks smaller than it would otherwise.

By the way, I’m not disagreeing with you, it’s a huge advantage to be a state university versus a private university. There’s no doubt about that. It’s just not all sunshine and roses though.
 

The Colorado AD response to a financial question is all too common at taxpayer funded universities:​

Colorado AD Rick George was asked how CU came up with the money to hire Deion Sanders. He said, "We don't have the money yet, but I know we'll have it, so I'm not worried about that piece." #cubuffs

Wouldn't it be nice to live in that reality?
I read this differently than you do.

He's saying his boosters will come up with the money.
 
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