My alma mater needed to bring their student center into compliance on the last ~50 years of building code changes. The project was estimated to cost high-8-figures, for nothing but code compliance.
Instead, they spent $120,000,000 renovating it to be shiny and modern and also up to code. I don't understand why it was so expensive, but I'll assume it's not an order of magnitude away from true cost.
$1.6 trillion is "only" a few hundred million per school. If the cost of renovating one building is any indication, it's easy for a university to use up that much money.
Instead, they spent $120,000,000 renovating it to be shiny and modern and also up to code. I don't understand why it was so expensive, but I'll assume it's not an order of magnitude away from true cost.
$1.6 trillion is "only" a few hundred million per school. If the cost of renovating one building is any indication, it's easy for a university to use up that much money.