The End of the University as We Know It
the-american-interest.com
the-american-interest.com
Ref: http://downtownnewhaven.blogspot.com/2008/09/ramsa-selected-...
http://www.trulia.com/real_estate/New_Haven-Connecticut/mark...
B) While dorm rooms are usually small, there is often a lot of shared space in the building: it is thereby also disingenuous to compare the cost per square foot in a dorm to that of an entire apartment.
As an example of this, the "residential colleges" that Yale has also include dining halls (as demonstrated in the architect's renderings of the plans for this particular construction plan).
C) When planning new buildings for what are pretty much best described as small cities, you also have to think about the surrounding infrastructure; apparently part of these projects is about revamping the nearby streets to handle the increased pedestrian and bicycle traffic that will result.
D) This kind of expansion isn't just about new places for people to live and eat: if you look at what the money is being used for, it includes a dance studio, a fitness center, two cafes, three art studios, four computer labs, a theatre... and this isn't even a third of the list.
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Now, one can certainly argue about whether they really need to do all of this and whether they are getting the most value from the things they have decided to do, but you really can't just say that all they are doing is providing a place for 1,000 undergraduates to live and then start doing the math: those people need things to do, activities to be a part of, food to eat, specialized equipment and rooms for whatever their specialities are.
(Also, I take issue with the idea that, even if it made sense, they could just "buy a three-bedroom home in New Haven for every new student it is bringing in", as the article examines, or could get the average rate on square footage as you do: there probably aren't even 1,000 houses on the market, so in addition to drastically alternating the demand market for housing in the area, which will itself alter the price, they are going to need to do new construction, which has massively different ramifications than just buying existing housing.)
Yes, the Internet has disrupted many business models, and there will definitely be losers: textbook manufacturers is an obvious example.
In the final analysis, kids need a transition from their parents. For some that is military service, for some it is going off to college at 18/19, for some it is a brief period of independence at minimum wage followed by living at home into their 30's or until they get married and their wife/husband becomes their new parent.
The current proliferation of online studies is fueled by the GI bill and employer tuition-reimbursement programs for people already employed. Online study is not for everyone, it takes a lot of dedication and commitment to complete a class, much less a degree.
We are seeing an evolution, not a revolution.
Those are maybe ten universities out of thousands.
To the factor you mention I'd add the ferocious institutional will of the universities for expansion in any direction.