Tuition Rising, Chapter 16

Tuition Rising, Chapter 16 - -Ithaca City School District...

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Chapter 16: Cooling Systems - over 35 year period, Cornell projected that it would incur $90 million in capital costs to cool the campus using the existing technology Lake Source Cooling Advantages - usage of electric power would fall by 80%, a $1.2 million savings (assuming constant costs of electricity) - estimated to have a useful life of 75 years - environmentally beneficial (increase in temperature = a few additional hours of sunlight) Did Lake Source Cooling Make Sense? - would future savings be large enough to offset higher initial costs? - $55 million initial investment Seeking Approvals and Facing Environmentalists - City of Ithaca construction would create a large # of jobs for local workers receive $1.2 million in new sidewalks and roads make repairs on underground utility lines when roads already torn up
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Unformatted text preview: -Ithaca City School District “tap” into system increased annual payments to cover grad students who live on-campus (w/o property tax payments) yet send children to local public schools payments led to higher student housing rates = cost to students high student housing rates, increased financial aid = cost to university-delay would have substantially added to cost structure-succeeded in imposing significant legal and public relations costs to the university, paid out of revenues the university generated-benefits will be smaller than otherwise b/c some economic benefits are shared with the City and the school district, and other benefits were reduced by the extra legal and public relations costs-main idea: reductions in savings are borne by students and faculty...
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