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July 19, 2010 - Image 7

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Publication:
Michigan Daily Summer Weekly, 2010-07-19

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Monday, July 19, 2010
The Michigan Daily - michigandaily.com

17

ENDOWMENT
From Page 1
the endowment for perpetuity,"
Darlow said. "I suspect that for
many people struggling under the
economic conditions prevailing in
this country and state today, per-
petuity sounds like an awfully long
time."
Regent Olivia Maynard (D-
Goodrich) said she believes the lower
distribution rate will help ensure the
long-term stability of the University's
endowment.
"This is a way to maintain, with
minimal net damage, the value of the
University," Maynard said. "Perpetu-
ity is a large word, but on the other
hand, we believe in public higher
education and we want to make sure
it thrives, no matter what the situa-
tion is."
In an interview following the
regents meeting, University Presi-
dent Mary Sue Coleman said she
appreciated the debate the regents
had over changing the payout.
"Obviously I was very much in
favor of it because my administra-
tion made the recommendation, but
I understand that people have legiti-
mate differences," Coleman said. "I
have faith that our folks will be very
careful; they want to make sure that

nobody gets less money from one
year to the next. I felt like it was the
prudent thingto do and I appreciated
the discussion."
Currently, the total endowment
value is determined using a sev-
en-year rolling average, which is
recalculated at the end of each fis-
cal quarter. The spending policy
replaced a three-year rolling average
in 2006 to help stabilize payouts in
volatile markets.
REGENTS APPROVE CON-
STRUCTION SCHEMATICS
The regents also unanimously
approved designs for the renovations
of Crisler Arena, the new golf prac-
tice facility and the addition to the
Institute of Social Research build-
ing.
The $20 million renovations to
Crisler Arena will make the building
compliant with the American with
Disabilities Act by increasing the
number of handicapped accessible
seating, replacing the seats in the
lower bowl and widening the aisles
in the lower bowl.
The renovations will also improve
the arena's emergency systems with
new fire detection and suppression
systems, smoke evacuation system
and emergency lighting.
A proposed schematic design for

the Athletic Department's new golf
practice facility, to be located on
South Main Street near the Univer-
sity Golf Course, was also approved
at the meeting. The new facility will
allow the men's and women's golf
teams to train year-round with
indoor driving bays, putting greens
and chipping areas. Additionally,
the facility will include office space,
meeting rooms and locker rooms.
Women's golf coach Cheryl Stacy
said in a statement that the $2.5 mil-
lion facility will enhance the com-
petitiveness of the University's golf
program.
"This facility will enhance our
program's ability to practice dur-
ing the winter months, providing an
environment for our players to con-
tinually work on their technique,"
Stacy said.
Regents also approved a design
proposal for the ISR addition, which
will consist of a four level, 44,700
gross square foot addition to the cur-
rent ISR building and renovations of
7,200 gross square feet of the current
building.
The $23 million project will cre-
ate new office, research and meeting
spaces as well as state-of-the-art bio-
specimen and data storage.
- Daily News Editor Kyle Swan-
son contributed to this report.

DPS
From Page 1
mittee, which is also comprised of
faculty and staff representatives.
Hicks, who removed himself from
the race before the votes were cast,
remained on the ballot.
Hicks did not respond to interview
requests, but in an interview with The
Michigan Daily last March, he said he
withdrew from the race because of a
"hectic schedule," which was com-
prised of classes and a 40-hour-per-
week internship with United States
Rep. John Dingell (D-Ann Arbor).
Hicks' name remained on the bal-
lot as a result of miscommunication
between MSA election officials and
the candidate, officials told the Daily
last spring.
Despite his withdrawal from the
contest, Hicks told the Daily last
March thatifelected hewould accept
the seat on the committee. However,
he also said he wasn't fully knowl-
edgeable on what his responsibilities
as a representative would be, or what
the function of the committee was.
"As far of the details, I'm not quite
sure," he said at the time.
In an e-mail interview, MSA Presi-
dent Chris Armstrongsaid Hicks will
start work on the committee as soon
as possible.

"Deandre is away for the summer,
but as soon as he returns, he will be
attending the next DPS Oversight
Committee meeting to officially
replace Ellie," Armstrong wrote in
the e-mail.
In an e-mail interview with the
Daily, Howe wrote that her resigna-
tion was a result of other conflicting
priorities.
"I was taking summer classes,
working, and trying to plan an afford-
able trip to Europe," Howe wrote. "It
was a very overwhelming and stress-
ful time and I felt in over my head.
"It would have been possible to
stay on, and sometimes I wish I had,
but I realized that when your family
needs you, there are some things you
have to give up," Howe added. "So I
made the difficult decision to leave,
and the committee was very under-
standing."
5
5
at MichiganDaily.com
Tally Hall talks to the
Daily before coming home
to A2 for Thursday show.
An inside look on the
work of Art Fair's featured
artist Mark Traughber.

I I I

a _, _ _ n
'
1 ,

The Ypsilanti Community Band
is now the
Washtenaw Community Concert Band
'Welcoming musicians looking for a true concert band experience

s

Washtenaw Community College

In partnership with Washtenaw Community College,
earn 2 credits by enrolling in MUS 112
Find out more about the class by visiting
www.wccnet.edu
For more information on the band call
734-252-9221
or e-mail atypsicommband@gmail.com

I I

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