Monday, July 27, 2009

UK's New Hospital Already Out of Money?

Word on the street is that UK's medical center has had to borrow well over $100 million to continue work on the new hospital complex and who knows what else. Certainly not a dime of that money will be going to faculty or staff -- unless it's those special hires from on high that are allowed to bypass all of UK's personnel policies and procedures (business as usual).

Back in May UK was "reprimanded by lawmakers" for the "potentially risky funding arrangement" used to buy Good Sam. Maybe that risky arrangement has come due?

But who would lend UK hundreds of millions of dollars?

2 comments:

Anonymous said...

The vig got jacked up.

UKalum said...

The database is somewhat misleading. My wife is faculty and her actual salary is higher by a grand or two than the database shows. So, proceed with caution...