Thursday, April 07, 2011

If UNLV were a business...

From an interview with UNLV's president, featured here:
"Let’s talk about UNLV as a business. It employs 3,000 people. It has a billion-dollar-a-year economic impact.
It brings into this state from outside the state more than $300 million a year.
The return on the state’s $175 million investment is enormous.
Where do we get those dollars? From nonresidential students, and two-thirds of them pay full freight nonresidential tuition at $18,500 per year — that’s just the tuition.
Of course those students don’t just bring their tuition dollars. They buy cars, gas, groceries. The direct impact of that is $140 million per year — that’s raw dollars, not economic impact. That’s a pretty good business.
We also run a major entertainment venue, the Thomas & Mack Center. It’s the top-grossing college arena in the country. It’s perennially in the top 10 of all arenas in the country.
We bring about $100 million a year in federal funds — grants and contracts. Those dollars have the biggest economic multiplier you can ever imagine."

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