reedny
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Well the article says that prices differ depending on the market. But I don't think $1M per year is far off (U of Washington's getting $4M per year; U Illinois $2+M, etc). Either way, current prices are a big clue as to how good a deal Carrier got initially - $78,000 per year.But those weren't real estimates - they were off-the-cuff remarks made to a Syracuse.com writer by a couple people who have no knowledge of the particulars of the situation. Louisville's a fairly large city with a number of Fortune 500 companies and a corporate culture. No such thing here anymore.
Courts' treatment of perpetual contracts and their stance on gifts are two distinct things (and popular sentiment can't drive university decisions like this). Just because Carrier's a corporate entity doesn't make the arrangement any different than that with Carnegie or Newhouse.
As far as the whole "donation" concept (red), I beg to differ. Carrier is not a philanthropic entity and I don't see this as a "gift" to the University's endowment for educational purposes. Carrier's a for-profit corporation and they wanted the name for branding purposes. Nothing wrong with that, but they left a sour taste in many people's mouths when they closed up in Dewitt and moved the jobs to mexico. So absolutely, the "name" has meaning and corporate behavior has consequences.
As far as the legalities .. they are what they are. You and I agree on the issues .. perhaps not on how they'll be resolved. But let's just say I don't like Carrier's chances. And (personally) I don't really want their corporate name on the University's new facility. JMO.
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