There certainly are but most university events are during the week. Bars and restaurants 99% of the time don't do their best business during the week. Friday and Saturday (Sunday to a lesser extent) have to be great to make up for the dead time during the weekdays.
How do you get traffic in the middle of the summer when everything is on Duff? The traffic that's closest (students) are gone for the summer and even if they're around they're the group with the least disposable income and the group that will make the area look like **** immediately if you tailor it to them so they're out.
I hate having to go to Duff for everything. I want more development anywhere but Duff.