He's said it numerous times. Here's one:
Many colleges have bond debt, meaning they still owe money to investors for buildings, residence halls and other projects.
Closing a campus means losing the opportunity to generate revenue to pay off that debt, Greenstein said.
“That just gets absorbed by the other universities in the system,” he said.
https://www.insidehighered.com/news/...tems-can-often
There are also political and economic reasons.
Many colleges have bond debt, meaning they still owe money to investors for buildings, residence halls and other projects.
Closing a campus means losing the opportunity to generate revenue to pay off that debt, Greenstein said.
“That just gets absorbed by the other universities in the system,” he said.
https://www.insidehighered.com/news/...tems-can-often
There are also political and economic reasons.
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