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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The land acquisition did involve debt. And the MacArthur campus's assessed value is less than $20 million, including the buildings. So when that parcel is sold the school will have less money, less land, and fewer facilities than it started out with. [/quote] Wow, PP. If the facts are truly as you see them, only an idiot would make that kind of deal![/quote] Not necessarily. The usual rules of economic rationality don't always seem to apply when you're spending OPM (other people's money). [/quote]
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