By: Carl Spackler

Carl Spackler
Fri, 04 Sep 2015 16:09:53 +0000

In reply to The" target="_blank" title="/2015/09/5-5m-deal-two-buildings-purchased-by-campus-partners-for-proposed-high-street-transformation-project/comment-page-1/#comment-98009">The">/2015/09/5-5m-deal-two-buildings-purchased-by-campus-partners-for-proposed-high-street-transformation-project/comment-page-1/#comment-98009">The Real Ohio State, Inc (tm). Based on the people involved and their prior history, it likely will be a spectacular failure, don't worry. However, remember that they are going to mot likely just lease this land away for other developers to build on, based within CPs own vague parameters (that they often do not share publicly). Also remember that while Campus Partners is a "separate" non profit entity, created by the Board of Trustees to supposedly mitigate liability (and allow it to operate with less transparency than the University), its completely run by current OSU employees (CPs Board), former employees of OSU's PARE office, or people with family or business ties to OSU. And, they've been bailed out before (in the millions) by OSU, so I'm not certain they have ever been profitable. So, the goal in this case is not necessarily profit making, but gentrification and control/oversight of the proximate neighborhood with less transparency and interaction with the University Area Commission.

In reply to The” target=”_blank” title=”/2015/09/5-5m-deal-two-buildings-purchased-by-campus-partners-for-proposed-high-street-transformation-project/comment-page-1/#comment-98009″>The”>/2015/09/5-5m-deal-two-buildings-purchased-by-campus-partners-for-proposed-high-street-transformation-project/comment-page-1/#comment-98009″>The Real Ohio State, Inc ™.

Based on the people involved and their prior history, it likely will be a spectacular failure, don’t worry.
However, remember that they are going to mot likely just lease this land away for other developers to build on, based within CPs own vague parameters (that they often do not share publicly).

Also remember that while Campus Partners is a “separate” non profit entity, created by the Board of Trustees to supposedly mitigate liability (and allow it to operate with less transparency than the University), its completely run by current OSU employees (CPs Board), former employees of OSU’s PARE office, or people with family or business ties to OSU.

And, they’ve been bailed out before (in the millions) by OSU, so I’m not certain they have ever been profitable.

So, the goal in this case is not necessarily profit making, but gentrification and control/oversight of the proximate neighborhood with less transparency and interaction with the University Area Commission.