Million-Dollar Bust

Number 25160
Subject Colleges
Source The Daily Toreador
State Texas
Year 2011
Publication Date 10/25; 10/26; 10/28; 11/29; 12/6/11
Summary The Texas Tech student newspaper looked into why the university was losing money on a parking garage that sat empty. What they found were prominent members of the university board of regents and members on the alumni association board, as well as owners from the parking garage are all from the same fraternity. The deal was spun to look good, but to date, the university has lost $850,000.
Category Contest Entry
Keywords Texas Tech parking garage; university funds;
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