Richard Corcoran says New College business plan 'wildly misrepresented'
New College President Richard Corcoran said a long-term plan for desired capital improvements has been wildly misread.
He said a five-year business plan requested by the state has wrongly been viewed as a demand for massive additional funding from the state. At a Board of Governors meeting in November, Corcoran presented a formal business plan that included $400 million for initial capital outlay on campus, a number first reported on the Higher Ed Dive blog and repeated in media reports frequently.
But Corcoran said the university was asked for a list of capital needs, and that number has been misunderstood. In a two-page informational sheet released by New College, Corcoran stressed that th...
