UC Berkeley vows to build museum despite finances (excerpt)
Phillip Matier, Andrew Ross, San Francisco Chronicle. November 22, 2010
Even as financially strapped UC Berkeley is preparing to raise tuition 8 percent next fall, it has pledged to spend as much as $20 million in campus funds to help build a $96 million art museum. Just where $20 million will come from, however, remains unclear - with campus spokesman Dan Mogulof saying only that it will depend on what pot of money is available when the time comes. Mogulof insisted, however, that there will be "no tuition, no student registration fees and no state-allocated funds used."
…The problem is, the university has pledges for only about half the $96 million needed to build and furnish the new museum. And while UC Berkeley Vice Chancellor Frank Yeary insists the university has a robust fundraising effort in place, last spring he told the UC regents that the school was prepared to kick in as much as $20 million if donations came up short…