Posts Tagged ‘Howard University’

Halls of Earning: GW’s Continuing Adventures in D.C. Real Estate

The death knell of the Corcoran Gallery of Art last month elicited a dirge from the sages of the D.C. art world, whose mournfulness overshadowed any sense of closure that might have come from the final breath of an institution long known to be suffering. “The demise of the Corcoran Gallery of Art and College [...]

More Woes for Howard As It Slashes Staff Positions

In late December, Howard University got a rare reprieve from the litany of bad news that haunted the school in 2013 when a judge tossed a lawsuit against the university. Maybe this year, the Howard community had reason to hope, would be better than the last.
No such luck.
Today comes the news that Howard is cutting [...]

Evans Bill Would Strip Howard Town Center Funding

In late 2012, the D.C. Council approved an $11 million tax break for the development of Howard Town Center, a mixed-use project on Georgia Avenue across from and owned by Howard University, despite the fact that then-D.C. Chief Financial Officer Natwar Gandhi had deemed the subsidy unnecessary. Now that plans for the Howard Town Center have [...]

After a Rough Year for Howard, a Rare Reprieve

The year 2013 has not been kind to Howard University. As I laid out in this week's paper, the 2013 Encyclopedia of D.C., Howard has jumped from one disaster to another: a letter from a university trustee warning that the school was “in genuine trouble” and “will not be here in three years if we don’t [...]

Howard CFO Is Out Amid Financial Turmoil

A month after Howard University's president announced he was stepping down amid financial turmoil, Howard has also ended its relationship with its top financial official.
Howard's interim president, Wayne Frederick, informed the university community in a letter yesterday that Howard had ended its contract with Right Advisory, the consulting firm led by Robert Tarola, who's served as Howard's [...]

Lawsuits Alleging Retaliation Compound Howard’s Woes

Howard University's rough year just got a bit rougher: Two lawsuits filed against the university in the past month allege whistleblower retaliation and discrimination. The lawsuits follow months of bad press due to financial struggles, accusations of mismanagement, low enrollment figures, a credit downgrade, and staff cuts, culminating in university President Sidney Ribeau's announcement last week [...]

Howard President to Step Down Amid Campus Struggles

Facing financial struggles and accusations of mismanagement, the president of Howard University is stepping down at the end of the calendar year.
President Sidney Ribeau announced his retirement in a letter to the Howard community today. The letter highlights the successes his five-year tenure, from academic initiatives to the construction of new campus buildings.
Left unmentioned are Howard's [...]

Finance 101… 100… 99… 98…: Making Sense of Howard University’s Financial Struggles

Good news, D.C.: It turns out we actually have two Howard Universities.
The first Howard “remains academically, financially and operationally strong,” according to a June letter from Howard Board of Trustees Chairman Addison Barry Rand. It’s balanced its budget for three straight years, returned its endowment to prerecession levels, and steadily increased its six-year graduation rates. [...]

Twelve Colleges Want a Part of St. Elizabeths

The redevelopment of the St. Elizabeths East Campus, near the Congress Heights Metro station, is finally moving forward, and a dozen colleges and universities want to get in on the action.
In April, the city issued a solicitation for "academic institutions or consortia that wish to serve as the academic anchor for the St. Elizabeths East Innovation Hub, an [...]

If Everyone Wants Howard Town Center, Why’s It on Hold?

The biggest development project on Lower Georgia Avenue has taken a bitter turn, with Howard University terminating the development agreement and the developer suing in response. But when you ask both sides what they want to see in the Howard Town Center—a 445-apartment complex with retail including a grocery store, developed by a partnership of [...]

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