11-13-2023, 09:45 PM
https://news.azpm.org/p/news-articles/20...rinvested/
As many have suspected, the $265 million purchase of an online university is a significant driver of the cash flow problem. The operating costs of said purchase are also much higher than anticipated. The article blames the model used to predict expenses and asserts that problem has been corrected. However, that doesn't square with the operating cost underestimate. Things are stinking here more and more. The online university purchase was an attempt to emulate ASU and it's great success in creating an online presence. UofA tried to shortcut the process and appear to have failed spectacularly.
As many have suspected, the $265 million purchase of an online university is a significant driver of the cash flow problem. The operating costs of said purchase are also much higher than anticipated. The article blames the model used to predict expenses and asserts that problem has been corrected. However, that doesn't square with the operating cost underestimate. Things are stinking here more and more. The online university purchase was an attempt to emulate ASU and it's great success in creating an online presence. UofA tried to shortcut the process and appear to have failed spectacularly.