1989-10-06; Central Michigan Life
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ADJUSTMENTS Foolery frequenters upset at the possible alternative atmosphere changes, 11 BREAKING KENT'S 'BONE CMU must adapt defense to stopping Kent State's wishbone offense to get back into the conference title race, 8 60/42 Mostly cloudy today. Partly cloudy and breezy Saturday. Details. ?. Central Michigan CREATIVE JUICES Kindergarten praise inspired retired CMU professor to enter the world of art. 7 FRIDAY October 6, 1989 Serving The University Community For 70 Years Funds from refinancing completely allocated; $44 million paying for buildings, computers BIG BUCKS BONANZA by BRYAN G. LAV10LETTE ('Ml' i- Undine; out ju.-t liuw much $27.5 million can buy. The University i-i nearly done spending money from a $44 million debt-restructuring plan which will'have yielded two new buildings, i (.'novation* to three buildings and part of a fourth as well as a portion ofthe Umver*it\'» new IHM mainframe computer *\ stem. To raise the money, the University refinanced its debt and in the process gained $27.5 million for new projects. And although all the University ha* not spent the entire sum. Tom Flier claims Central 'rips off art students' with hall renovation Wiqh+man follies CMU "RIPS OFF ART STUDENIS by JENNIFER CHRISMAN Although at least one Univer- -ity ollicial is content with the current status of renovations in Wightman Hall, some students and faculty using the building are nut. Flier- posted on doors, window* and sidewalk* throiiuhotit campus demonstrate ili**al i*f.u. Hon with conditions in Wight man The ther*. created by unidentified pel sine * '. feature a headline leading "Wightman Follies" and luithcr -late '('Ml' rip* oil art -tinl. ait* ." • lame* Tr\on. project manager lot Wightman renovations, said he ha* "receiveil no forma! complaint* from student*.- St iiiKait * and faculty u*ing the building, however, are up.*et .dxiut the condition of i la**n>om* and lalxratorie*. S>. WIGHTMAN Pat;e 10A DPS says student's sexual assault report is unfounded A female ("Ml" student rciiorted .in incident of criminal sexual cunt ait. !>nt the Depaitinenl of Public Safety says the complaint i* unfounded .Voiding to a DI'S pic** ielea*o. the woman, who's age and hiiinetow n were not relea*ed. reported an a**ault on the fourth floor of Park l.ibrar.v m a *upply room. Tuesday at 4:24 p.m. The complaint u.i* of *rcoiid debtee criminal sexual contact. Follow inn an investigation by an officer, a deti-ctive and an evidence technician. DI'S determined the complaint to be unfounded, the press ti'lea*e stated. No e\ silence of an as*.Hilt wa.* found at the scene, the press release *tated AI.*o the complainant has had a history of making fal*e reports of tin* t> pe to several area law enforcement agencies. DPS Director .John McAulilfe said five or six University officials contributed to the pre** I elea*e l>ccause of the sensitive nature of the incident. Prcjaoad coaa aid bond knda lor rafinandng CULT* niant buMng aipandh***. Prolact Total coat Bond hinda IBM Computer System $4.5 mlfion $4.5 million Ptiyaicat Ed. and Rao. Phaaa U $16 mIMon $16 million Wightman Renovatton Projact $3.15 matton $3.1 S mill too Warrtnar and Prawn A/C Profacta $1.57 mttBon $1.22 mJMon Apptlad Buainaaa Studiaa Complax $2.1 minion $400,000 Combined Sarvtcaa Buitdng $3.1 mlfltoo $2.38 million Alumni House $500,000 $150,000 Financing plan may make $12 million available for CMU Source: Oiwlnon at Bu»ln«»» end t Inane* HFC Craphlc/ttru* Edurardi lirt by BRYAN G. LAVIOLETTE '.(ly fit tor Kepp, assistant vice president for Financial Affairs, said the iem.lining funds are committed. Jerry Tubbs. vice president for Ftusiness and Finance, announced the restructuring plan in January 1HS7. Kepp said the University was coii*ider ing ways to fund an addition to Rose Center when it devised llii' debt plan He added the University decided to seek more than the $1(> million u-quired to build Physical Fducation and Recreation Phase II because there were several other projects the University wanted to complete. I'he plan wa* to refinance the University's debt by pushing the time See FINANCE Page 10A On the heels of CMU's 19S8 debt refinancing, the administration is toying with the idea of initiating another financing plan Tom Repp, assistant vice president for Financial Affairs, said the University may make'available up to $12 million through financing. Repp said the money's use could hinge on the state's decision on the proposed Central Knergy Facility expansion project. He said 'RAIL' WINDY Tak *~ . _^_____ ♦ S^ i1 ** . ^^^B a«i|^ff»_ llfE Photo John St*rki Highland freshman Nancy Billings uses her homework as an umbrella Thursday afternoon when she was caught in a cold downpour on the railroad tracks by the Towers. Commission unanimously votes down Nick's move by KAREN EMERSON : • r Sr.af v.- •■■■ Refore Thursday's Mount Pleasant Planning Commission meeting, several city residents were willing to go to any extreme to prevent Nick's Saloon from relocating near their homes. Owner Nick Ventimiglia wanted to move the bar from 1111 S. Mission St. to property located between Appian Way and Fairfield Drive. Right before voting on the site plan proposal — which commissioners rejected — Commission Chair Gerald Cassel suggested building the facility at the south end of ■ See related story on cdy commission's decision requiring student organizations to provide mere parking. Page 5 town on open property near the Comfort Inn, 2424 S. Mission St. Audience members applauded the idea, and some even joked alxiut helping build the bar at that location. In a unanimous vote — with two commissioners absent — the revised site plan was rejected. "Personally, I would not want to place a bar like this near a residential area." Commissioner Willard Allan said. "I think we need to look at (the boundary integrity) of residential zones." At its Sept. 7 meeting, the commission rejected the first site plan, proposed for the same location. Ix-cause it did not allow for enough parking spaces. Several area residents attended that meeting as well, and many voiced concern about having a bar with approximately 500 people near a residential neighborhood. John Nee. of 1530 Briarwood Drive, said he and the other community ■nembers who would be affected by the bar's relocation were not opposing the proposal because they disliked its owner. See RELOCATE Page 10A the- University has requested the state fund ?S million orfil percent of the- expansion Sixty-one percent is equal to the amount of general education space on campus The expansion is i*tlimited to co*t approximately >|ll 2 million. II the *!ale fund* Its share of the building, tin- University could use tli extra $.1.2 million for additional projects needed on campu*. Repp said See PLAN Page 10A Central's investment in jeopardy by BRYAN G. LAVIOLETTE CMU may lo*e part oi its >-i.1:t>.(l<KI investment in a Colorado utility company. The deficit for- the year was ■ iilii.(Il\ $2.2 million, but the University had a balance of $1.85 million going into 1988-89. Mark Mehall. of Arthur Andersen and Co.. the University's auditing firm, said CMU is having discussions with Colorado-Ute. a rural utility near Grand Junction, Colo., arxmt whether CMU will recoup all or part of its investment. Mehall said at Thursday's Hoard of Trustees meeting that investment analysts gave the investment a top rating. Trustee William Odvkirk said, however. that investment analysts may have Ix-en wrong alxml the rating. "Kverything that was done was done in the parameters of our policy." Odvkirk said atiout CMU's investment. Mehall said the University should not expect to lo*c the entire investment at this point Discussions are taking place now between creditors, including a representative from CMU and the company, he said. "The question is when do urn get paid.'" Mehall said Mehall said creditor* are hoping to get their money out of the investment while still keeping the company running. Trustee Cordon I.ambie said whenever someone makes investments, getting burned every once in a while is expected. "Our history points out that we haven't done that badly." I~imhie said Trustees also discussed the University's audit report. Mehall said in a presentation to the Hoard that the University has a $350,000 deficit from 198H-89. He said the deficit was expected and not relatively high considering the opportunity the University has to reduce it with increased revenues coming from the 9.6 percent tuition increase and the 8.1 percent increase in state appropriations. "Those two coupled together will help you deal with that situation," Mehall said. Mehall said to find the deficit, the auditing firm tcxik the liabilities or expenditures the University made last year and subtracted them from General Fund assets.
|Title||1989-10-06; Central Michigan Life|
|Publisher||Students of Central Michigan University|
|Description||Friday, October 6, 1989 issue of the student newspaper of Central Michigan University. Also known as CM-Life. Originally published biweekly. Later published three times a week during the academic year and once a week during the summer. Began publication in 1941. Previously known as Central State Life. Issues from 1999 to the present are available online at the CMLife website.|
|Subject/Keywords||Central Michigan University - Newspapers; Mount Pleasant (Mich.) - Newspapers; Isabella County (Mich.) - Newspapers; College student newspapers and periodicals;|
|Copyright Permission||Copyright 1989 by Central Michigan University. This material is copyrighted and any further reproduction or distribution is prohibited.|