According to this[1], $160 million of that was for a new building.
> And what of the huge new $160 million (ish) academic building? The trustees still say that it has nothing to do with the fiscal crisis, despite the fact that it’s responsible for some $10 million a year in interest payments
> And what of the huge new $160 million (ish) academic building? The trustees still say that it has nothing to do with the fiscal crisis, despite the fact that it’s responsible for some $10 million a year in interest payments
[1] http://blogs.reuters.com/felix-salmon/2012/04/25/why-cooper-...