I’ve written alot about the fiscal mismanagement happening at SCSU. A prime example of the mismanagement is the lease President Potter signed with the J.A. Wedum Foundation, which I wrote about here. According to SCSU’s records, they’ve lost a fistful of money:
Coborn’s Plaza apartments have been a well-kept secret since they opened in the fall of 2010. Even getting accurate occupancy numbers during the first two years was difficult and only given in whispers with those hearing the secrets being sworn to secrecy. Some of that secrecy ended November 13, 2012 when Len Sippel, Interim Vice President for Finance and Administration, released the list of approved funding for permanent investments that included $2,250,000 for the “Coborn’s Welcome Center.”
This eye-popping number actually covers the deficit for Coborn’s Plaza for the last two years so the loss only averages $1,125,000 per year. The amount of the loss for the first year for Coborn’s Plaza has never been shared with the Faculty Association or made public. As a result, one is left to imagine that it is even larger than the annual loss for the last two years. What has apparently been a tremendous deal for the Coborn’s Corporation and the J. A. Wedum Foundation has, without a doubt, been and will continue to be a financial boondoggle for SCSU.
That’s the headline waste of money by quite a bit. That said, this waste of money was brought to my attention by a faithful reader of this blog:
According to SCSU documents, Professor Tracey Ore is in charge of the SCSU Community Garden. Her salary is approximately $73,000 a year. Though I haven’t confirmed it because SCSU’s transparency is practically nonexisten, I’ve been told that 42% of Dr. Ore’s comp time is for the community garden.
Based on the looks of things, the SCSU Community Garden is a great success…if success is judged by bumper crops of weeds. I’d love hearing President Potter justify spending $30,000 a year on that community garden. Frankly, it’s a ripoff. The taxpayers, again, are getting stiffed by a president who isn’t setting the right priorities and who isn’t taking important issues seriously.