Time to Fold?

The saga of the UCR med-school-to-be continues in the Riverside Press-Enterprise (excerpts):

UC Riverside officials announced Wednesday that the opening of their proposed medical school will be postponed a year because they did not secure the ongoing state funding needed to gain accreditation. The announcement from Chancellor Timothy White came the day after Democrats in Sacramento passed a 2011-12 budget that did not include extra funding for the medical school. The budget, which Gov. Jerry Brown signed Wednesday night, cut another $150 million from the UC system on top of the $500 million reduction taken earlier this year…

"We can't focus on the negative," said Dr. G. Richard Olds, the medical school dean. "We had a shot and we came really close to getting it open. We better get it open in '13." He said he will work to develop the medical school's programs and secure funding to ensure accreditation. "If we fail, there will never be a medical school at UCR," Olds said. "It's not like I can keep trying forever. I've got five months to redo a business plan and an approach." …

Full article at http://www.pe.com/localnews/stories/PE_News_Local_D_medschool30.40b866c7e.html

Time to fold them?