UofI not paying contractors

Discussion in 'In-State Rivals' started by twittkop, Sep 6, 2018.

  1. twittkop

    twittkop Member

    Apr 29, 2006
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  2. CyCloned

    CyCloned Well-Known Member

    Oct 18, 2006
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    That is pretty embarrassing, no matter how you spin it. Especially when you consider the way the athletic department pisses money away.
     
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  3. cycloner29

    cycloner29 Well-Known Member

    Dec 17, 2008
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    Did they ever sell the old AIB property? Hmm... seems the University is in a little over there head.
     
  4. CyTwins

    CyTwins Well-Known Member

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  5. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    Over 80 MM that they haven't paid? And they have lost case after case but still defy it? If I did this, I think I'd probably be thrown in the clink.
     
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  6. AgronAlum

    AgronAlum Well-Known Member

    Jul 12, 2014
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    Man if I’m reading that correctly, they are looking at around 100 mil on one project to only two of the contractors.
     
  7. cycloner29

    cycloner29 Well-Known Member

    Dec 17, 2008
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    Kinda funny how hawk trollers on here brag about how much money they bring in from the Big 10 contract but don't say a word about how the university is in debt.
     
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  8. Cyclone27inQC

    Cyclone27inQC Active Member

    Jun 16, 2010
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    I think their Wave to the hospital sure takes a different approach now!
    You can add whatever punchline you want moving forward.
     
  9. SECyclone

    SECyclone Active Member

    Sep 29, 2011
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    Sell the painting and pay the people they owe money to. Seems simple, but hawkeye is what it is.
     
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  10. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    Agreed, have to sell unneeded stuff to get what you need every once in awhile.
     
  11. cycloner29

    cycloner29 Well-Known Member

    Dec 17, 2008
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    But please don't sell Fran!!!
     
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  12. JM4CY

    JM4CY Well-Known Member

    Aug 23, 2012
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    Your premise here is a little misguided. You would require a buyer first.
     
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  13. wxman1

    wxman1 Well-Known Member

    Jul 2, 2008
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    Not sure if it is still the case but I know they have had a lot of billing issues that caused some insurance companies and I thought I was told medicare to stop paying them until they fixed it. This in turn caused a hiring freeze other than nursing and other critical positions. I also know of a pacemaker manufacturer that will no longer do business with them.

    You would think with how much they charge for parking alone they could pay some of this stuff off...
     
    • Agree Agree x 1
  14. BillBrasky4Cy

    BillBrasky4Cy Well-Known Member

    Dec 10, 2013
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    Wow. How does a public university overextend themselves by that much? That is insane!
     
  15. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    Probably would have to stuff a couple rolls of hundreds in his pockets to get anybody interested in taking him off their hands.
     
  16. purplereign

    purplereign Member

    Aug 29, 2018
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    Not a good look for Iowa but I had to chuckle at the comments from the Republican member of the Iowa House. Like that group has any ground to stand on when it comes to discussing a responsible budget.
     
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  17. somecyguy

    somecyguy Well-Known Member

    Jun 19, 2006
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    The Gazette had a series of articles earlier showing what a cluster the project became. Almost no accountability at the top. I would love to see the regents smack them down, because they repeatedly told the regents that the project was under control.
     
    • Agree Agree x 1
  18. CloneGuy8

    CloneGuy8 Well-Known Member

    Mar 20, 2017
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    Who do they think they are, Trump?
     
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  19. Acylum

    Acylum Well-Known Member

    Nov 18, 2006
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    Am I interpreting this correctly- The U of I strategy is to enter into contracts, then not meet their financial obligations, and gamble that the injured party will just go away out of exasperation?
     
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  20. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    Or bankruptcy
     
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