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[QUOTE="cuseinchina, post: 1527830, member: 3079"]
This project strengthens the long term health of a non profit organization which benefits the syracuse area in countless ways.   The school spends $1b every year much of which flows directly into the local economy, it serves as a cultural and knowledge hub which benefits anyone who cares enough to come to campus to soak up all that is available, it's existence allows many area business owners to thrive and allows for the local development of 'new economy' businesses that require an educated work force, and it brings smart motivated people to the area who benefit the local population in myriad ways.   There is nothing that syracuse has going for it that is ,ore important than their anchor university.   Supporting that isn't a waste, it's a necessity.

If you don't see how the unique culture of syracuse university is continued and enhanced by this and how a move to the mall would take away from that, then I feel like you don't really understand what that place is about to the students who go there and the alumni who support the school and the athletic programs.   Intangibles like brand value are worth much more than the direct economic return on an investment in further developing them.   Buffett invests by looking at brand value and it's sustainability over time - this is a similar scenario.  SU sports benefit the university and the university benefits the city - locals get to be a part of that but make no mistake that the sports teams are a resource of the university first and the community second, even though local fan support is crucial.
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