Economy may delay new colleges
For the new residential colleges, the 2013 opening date was always ambitious. And given the financial meltdown, that date is starting to look less and less realistic.
With the revelation last month that Yale’s endowment dropped an estimated 25 percent, much of Yale’s $2.6 billion capital spending plan for the next few years has been plunged into uncertainty — possibly including the largest expansion of Yale College in almost 50 years. Some projects have already been delayed, and the two new residential colleges, last valued at $600 million, is likely to join them.
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