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A lot of the time, a university will raise money for the stadium via private money and revenue bonds. So none of your tuition goes to funding the stadium, altho

A lot of the time, a university will raise money for the stadium via private money and revenue bonds. So none of your tuition goes to funding the stadium, although the university likely doesn't profit. Real estate and businesses have a vibrant financial market, so you don't necessarily need large figures to participate. You're not going to raise $100 million in revenue bonds for a professor to study sea slugs, because there isn't any revenue. University administrators do not have the power to make investors fund sea slugs over stadiums. If you can convince the nation's pension funds, hedge funds, and private investors to somehow buy science bonds rather than revenue bonds, then the administrators would stop buying stadiums and start hiring sea slug researchers. I would tend to agree that the money might be better spent on building up dormitory or apartment housing for students rather than stadiums, if the revenue and costs were equal. But I'd need to look at the financials.

porkloin 10y ago
Exactly. And to piggyback on your comment, modern academic science is the way it is because their "investors" (i.e. granting institutions like NSF) have certain stipulations for grant funds or at the very least prefer certain applications over others. Applications that have some aspect dealing with STEM education, for example, are incredibly popular with NSF and other institutions at the moment. When you talk to research academics in the sciences, they often complain about what a burden education and outreach are on their time. Most of them would rather spend 100% of the time on their research. However, their public sector "investors" have an agenda for how their money is spent. They want to see certain results - it's not just enough to see more sea slug research, they want to have grantees also encourage STEM education growth.
- mattkrause 10y ago
  The outreach stuff itself isn't that bad, and it can be fun to see a bunch of 'civilians' get excited about a topic that you yourself care deeply about. It is frustrating that you need to shoehorn it into all sorts of proposals where it doesn't make a ton of sense: Why is the funding for a bunch of PhDs to study A linked to their willingness to explain B to a bunch of K-12 students? On the other hand, the administrative stuff (writing your own grants, reviewing other people's papers and grants, and getting things like purchase orders and experiment approval through the university) takes a huge amount of time and is fantastically unrewarding.

porkloin 10y ago

Exactly. And to piggyback on your comment, modern academic science is the way it is because their "investors" (i.e. granting institutions like NSF) have certain stipulations for grant funds or at the very least prefer certain applications over others. Applications that have some aspect dealing with STEM education, for example, are incredibly popular with NSF and other institutions at the moment. When you talk to research academics in the sciences, they often complain about what a burden education and outreach are on their time. Most of them would rather spend 100% of the time on their research. However, their public sector "investors" have an agenda for how their money is spent. They want to see certain results - it's not just enough to see more sea slug research, they want to have grantees also encourage STEM education growth.

mattkrause 10y ago
The outreach stuff itself isn't that bad, and it can be fun to see a bunch of 'civilians' get excited about a topic that you yourself care deeply about. It is frustrating that you need to shoehorn it into all sorts of proposals where it doesn't make a ton of sense: Why is the funding for a bunch of PhDs to study A linked to their willingness to explain B to a bunch of K-12 students? On the other hand, the administrative stuff (writing your own grants, reviewing other people's papers and grants, and getting things like purchase orders and experiment approval through the university) takes a huge amount of time and is fantastically unrewarding.