University of Texas System Chancellor Bill McRaven defended his plan for a campus in Houston on Thursday but conceded he was “guilty as charged” for not consulting with outsiders before lining up 332 acres.
McRaven, speaking before the Texas Higher Education Coordinating Board, said he should have discussed the plan with the chairman of the agency and its commissioner. He said he didn’t want to unveil the plan widely for fear that it would cause the price of the property to skyrocket.
The parcel is expected to cost about $200 million and will be funded with debt backed by the multibillion-dollar Permanent University Fund. The UT System closed last week on the purchase of 100 acres.
Some legislators, regulators and others have raised questions about the plan, none more forcefully than the University of Houston System’s Board of Regents, which said it would inevitably harm three state universities within a 6-mile radius of the location — the University of Houston, the University of Houston-Downtown and Texas Southern University — and the many minority students they serve.
Read more:. http://www.statesman.com/news/news/state-regional-govt-politics/uts-bill-mcraven-to-sketch-out-vision-that-include/np8tX/