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Given our budget cuts, why are we continuing work on new buildings such as the Koch Institute, the Media Lab and the Sloan School expansion?

April 26, 2017budget buildings Continuing cuts given Institute koch media

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Given our budget cuts, why are we continuing work on new buildings such as the Koch Institute, the Media Lab and the Sloan School expansion?

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All of the major capital projects (Koch, Sloan, Media Lab) have been under construction for more than a year and are well under way. All these projects have significant gifts (and attendant obligations), and debt financing has been secured to complete their funding. To suspend any of them, given how far along they are, would be extremely costly and would severely disrupt academic and research programs.