On ABC radio in Hobart yesterday a listener asked by text about U Tasmania’s planned move into the CBD, and its shareholders. “There are no shareholders … the only people who benefit from all this are Tasmanians,” VC Rufus Black replied. Perhaps the listener got the wrong end of the stick from the uni’s ambitious property plans , managed by its very own U Tas Properties Pty Ltd.
It’s an image issue for numerous universities with land to spare, which look, as union leader Damien Cahill puts it as if they “are morphing into property developers with a side-hustle in education,” (CMM June 24).