I think, in Steve Theobald's mind, it will be the same place. Loose rules, underage drinking, flaunt code violations, and people pissing in the sinks. While the students might be in favor, I think the university wants something a little nicer in the premium, visible locations on campus.
For years it looked like Theobald survived because his wife was a lawyer and could shield him from citations and litigation with aggressive and proactive legal responses. But she was disbarred a few years back for some wacky behavior, which forced his legal strategy to change.