The university may have financial issues, but that doesn’t mean there isn’t money for a swank new building:
It feels like this east bank building was scaffolding just a few days ago. Construction pictures are here, and here.
I’m not sure if it’s ugly or not. It sort of looks like a kiosk from the Theme Park video game.
3 Comments
Gary
September 21, 2010 at 11:44 amUMN has a good chemistry program. When a professor receives grant money, the school gets its share (overhead). It’s like a tax and there’s lots of money to be had.
Jansen
September 21, 2010 at 7:29 pmThat can fund an entire building?
Gary
September 22, 2010 at 2:33 pmJust the NIH funding for UMN is a quarter of a billion. I’m sure the funding from the NSF and other govt entities push that number even higher. Then there is private funding from corporations. The overhead for such grants is almost 50%. The university does well.
Don’t let these guys poor-mouth you. They’re loaded.
http://www.genengnews.com/gen-news-highlights/top-nih-grants-for-2009/81243615/