FYI: Penn State Board Meeting November 2022 Note
- Thread starter PSUFTG
- Start date
“C’mon Barry, aside from Penn State paying double for the same work, what’s the big deal here?”
Only double?
“Approval of this project came before the Penn State Board of Trustees today, November 11th 2022. I was the sole ‘Nay’ vote for the reasons presented.
Every other trustee voted ‘Yea’ and the project was approved.”
Stunner. Maybe the other trustees were pleasantly surprised that it wasn’t more costly.
In related news, Penn State laughs at wisconsin.
The couple comments on your article regarding cost of a tear down and rebuild and the other comment about the details of exactly what’s done to make sense. But ultimately the fact that it was rubber stamped to go through except by you tells everyone all they need to know. Somebody on that board will be receiving a nice kickback
It's pretty clear none of the other trustees can spell the word "fiduciary", much less understand it.
Frankly, I've almost ceased caring.... My money goes elsewhere.
Re: tear down option - rarely a cost effective option and usually dropped after the first round of analysis. When you see a tear down at that scale it means the foundations were unsalvageable. Think the Florida Surfside condo disaster.
Thanks for the no vote, Barry. It's why we voted for you. Disgraceful that DeLevey, Short, Lubrano, Brown, Pope, Paterno, Hasenkopf, and Wagman all sat their with their *&^% in their *#$%s. Wait- Pope and Paterno seconded the nominations of the current chairs, that was a lot of work. Sounds like they're getting very cozy.
Thanks for the no vote, Barry. It's why we voted for you. Disgraceful that DeLevey, Short, Lubrano, Brown, Pope, Paterno, Hasenkopf, and Wagman all sat their with their *&^% in their *#$%s. Wait- Pope and Paterno seconded the nominations of the current chairs, that was a lot of work. Sounds like they're getting very cozy.
I guess sometimes facts are not relevant. Wonder if anyone else did any homework as you did?
This pic is in jest as your experience reminded me of this scene:
This pic is in jest as your experience reminded me of this scene:
still excited about electing alumni trustees?
might as well just piss into the wind
might as well just piss into the wind
Thank you Barry,
Thomas
First off, thank you for thtransparency, Barry.
Cost per bed at PSU is over twice than cost per bed at Wisconsin.
Barry did his homework regarding overall comparative scope of work in the quotes and I assume that the buildings were comparable in size.
There is something fundamentally wrong in the bidding process. Union vs. Open Shop? Wide open bidder qualifications vs. restricted approved bidder list? Overall total project cost (bid price PLUS anticipated project cost amendments) evaluations?
Lot of stuff to chew on here. This project sounds very similar to the construction cost "differential" on a recent dorm construction project at a SE PA branch campus within the past 2 - 3 years.
Cost per bed at PSU is over twice than cost per bed at Wisconsin.
Barry did his homework regarding overall comparative scope of work in the quotes and I assume that the buildings were comparable in size.
There is something fundamentally wrong in the bidding process. Union vs. Open Shop? Wide open bidder qualifications vs. restricted approved bidder list? Overall total project cost (bid price PLUS anticipated project cost amendments) evaluations?
Lot of stuff to chew on here. This project sounds very similar to the construction cost "differential" on a recent dorm construction project at a SE PA branch campus within the past 2 - 3 years.
You have to spend money to spend money.
Operating budget approval this fall
The University will present a 2022-23 operating budget for the board’s approval in September in order to allow time to revise unit budgets that have been impacted by inflation, flat state funding, and ongoing pandemic-related enrollment and revenue pressures. Penn State leadership will be working with budget executives and financial officers on a 3% rescission for 2022-23 before presenting a proposed final fiscal plan to the board — with the goal of reducing the University’s operating deficit, which stood at $166 million in 2021-22 and is currently projected to be approximately $191 million.
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