The decision by the University of New Mexico Board of Regents to increase student fees in order to ‘invest’ in Lobo Athletics stinks to high heaven of greed and incompetence. May I point out that UNM currently has over half a BILLION dollars in their endowment. No New Mexico student should even be paying for tuition with that kind of money lying around.
And let’s not forget the land recently sold to In-N-Out Burger to build a burger joint on UNM’s South Campus. I’ve read of sale prices on this from one to two million dollars.
Since the Regents and UNM President Garnett Stokes are calling this an ‘investment’, what is the rate of return? Or is it just a money grab spending project funded through the pockets of students and parents alike?
UNM seems to spend endowment money buying property and legislators. It’s about time land sales and gifted money be used to help students and not used to run semi-pro sports teams and paying off their accompanying legal problems.
© Clyde James Aragon