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University nets 47 percent returns

By Oliver Longwell | October 10, 2000

Hoping to use that summer job money to break into the red-hot venture capital market? Maybe you should get some advice from the University Treasurer's office. The University reported a 43.7 percent return rate on its investments in the 1999-2000 fiscal year, led by a whopping 400 percent gain in its venture capital division. University Treasurer Alice Handy credited the bulk of the gains to the venture capital investments, which account for 20 percent of the University's portfolio.

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Board seeks state support for long-term financial proposal

By John Teschner | October 10, 2000

Last week, the Board of Visitors submitted to the Virginia Department of Education a comprehensive and concise evaluation of the present status and future goals of every facet of the University. The agreement is designed to eliminate the need for state universities to lobby every year in front of the General Assembly, instead allowing them to better plan for the long term by increasing their state funding schedule from one year to six. The 43-page evaluation makes up a negotiable draft of the University's experimental Institutional Performance Agreement, or IPA, with the Commonwealth of Virginia. The IPA eventually will travel to the General Assembly, which will decide whether to approve the agreement. The IPA is one of the proposals to come out of the Blue Ribbon Commission on Higher Education, which was formed by Governor James S.

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Mounting deficit threatens health of athletics program

By Jaime Levi and John Teschner | October 10, 2000

By 2010 the University's athletics program will be $44 million in debt, Carolyn Callahan warned the Board of Visitors at its meeting Friday. Callahan, the University's faculty representative to the athletics department, updated the Board on the University's 2020 Strategic Planning Task Force for Athletics. The Virginia 2020 initiative, established by University President John T.

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Sites profit from e-tailer casualties

By Jane Ngo | October 9, 2000

Such is the fire started by the net commerce revolution that even in defeat, the Internet creates business. As funds dry up, layoffs become second nature, and net businesses desperately scramble to raise capital or find rescuers to buy or merge them, failure voyeur sites such as Deathwatch.com and Dotcomfailures.com have emerged and picked up on losses from their doomed counterparts. Funded by sponsors and advertisers, these sites offer special features enabling visitors to make predictions, scan company rumors and lists of already failed companies, and browse through domain sales.

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WWF attempts to bring debate to 'Smackdown!'

By Emily Roper | October 9, 2000

If the wrestling superstars have their way, there may be two new jabronis laying the smack down in the World Wrestling Federation ring. Hoping to mobilize young, uninformed voters, the WWF challenged presidential candidates Vice President Al Gore (D) and Texas Gov.

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City Council ponders Meadowcreek Parkway options

By Michael Loatman | October 9, 2000

City Council is embroiled in a debate over the Meadowcreek Parkway, a controversial issue that has dragged on for over 30 years, pitting city transportation concerns against environmental activists and those opposed to "city sprawl." The Meadowcreek Parkway would be a two-mile road between Rio Road in Albemarle and Charlottesville's Route 250 bypass.

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Board approves O-Hill demolition

By Jaime Levi | October 9, 2000

Observatory Hill Dining Hall soon will serve its last meal. The Board of Visitors unanimously approved a resolution at its Friday meeting to demolish the dining hall and the Tree House and build a new dining facility in their place. O-Hill, located at the corner of Alderman and McCormick Roads, serves as the primary dining facility for the first-year housing areas. Leonard W.

News

Board hears Campaign update, discusses fundraising strategy

By Jaime Levi | October 9, 2000

With the current phase of the Capital Campaign coming to an end, Bob Sweeney, University vice president for development, discussed the next move at this weekend's Board of Visitors meeting. "It was our expectation that at this phase of the Campaign, we would be planning a close-out strategy," Sweeney said.

News

Grounds Invasion

By Daniel Stern | October 6, 2000

Forget Napster ... Bring on MTV's Campus Invasion! MTV continued its fifth annual Campus Invasion tour yesterday when it hit the University - one of 23 college campuses (er, Grounds) it will besiege within the next month. The tour transformed the northern end of the Mad Bowl into a personal Interactive Village, with six themed tents in which students could "see, feel and touch MTV," said Brooke Butler, the MTV representative in charge of Campus Invasion. "I think it is great that MTV decided to come here," second-year College student Jenn Friedman said.

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Students offer suggestions for new activity center

By Sarah Marchetti | October 6, 2000

Visions for a new student center, complete with a mini mall-style food court and student-run theater, keep getting closer to reality. In an open forum late Wednesday night, Student Council leaders, interested students and administrators - emphasizing concerns about the current lack of adequate student space on Grounds - discussed possibilities for the proposed building. The idea for a new student activities building came to life in the spring of 1999, when Council passed a proposal to research the possibility of a new SAB.

News

AFC to gain $8 million expanded fitness wing

By Shelley Johnson | October 5, 2000

The Aquatic and Fitness Center will become even bigger and better with the Board of Visitors' approval of an $8 million expansion. The AFC now measures about 99,000 square feet; the proposed 50,000 square foot expansion will increase its size by about 50 percent. Three indoor basketball courts, an elevated indoor track and expanded free-weight and fitness space are included in the plans. The expansion will turn the AFC into a "comprehensive facility" housing an all-inclusive array of modern facilities, said Ed Rivers, senior associate director of the AFC.

News

Officials add new Medical Center CEO

By Abby Curran | October 5, 2000

The University is planning to implement a new managerial position - chief executive officer of the Medical Center - in an effort to strengthen leadership and oversight of University hospitals and clinics. Creation of the CEO position is part of a broader movement by the University to handle the increasing complexities facing hospitals across the nation, said Leonard W.

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