Time to Sell

USA Today reported that the Houston-based school, "financially strapped Texas Southern University (www.tsu.edu) needs a revamped board of regents, a new mission, and strict oversight by the state auditor, a governor-appointed advisory panel said."

This panel was created by Governor Rick Perry because TSU President Priscilla Slade spent over $260,000 allegedly to redecorate her home. TSU describes itself as --

"TSU is one of two comprehensive Historically Black Colleges and Universities (HBCU) in the world and one of only two, four-year colleges in Texas with an open enrollment policy, accepting all eligible students with a high school diploma or GED equivalent."

While I am certain this advisory panel reviewed a lot of data regarding the financial situation at TSU I doubt they considered perhaps the best option -- the State of Texas should divest TSU completely by offering it for sale to the private sector. One potential bidder I believe would be the private/for profit, University of Phoenix which already has four campus location in the Houston area --

http://www.phoenix.edu/campus_locations/campus_locations.aspx

This would save Texas taxpayers more while also creating a wonderful business integration/cost savings opportunity and real estate development potential for the University of Phoenix to combine its four area locations with TSU's 45 building, 150 acre campus thus providing greater curriculum choices and alumni resources for current TSU students.

Texas should think big by divesting TSU.

Todd