Tip to presidents

Avoid major renovations to your house during downsizing.  Reminds me of the red carpet fiasco a few years ago at the University of Tennessee. State regulations were put into place that punished the rest of us.  Perhaps they could have made an HGTV series out of it.  From Cleveland.com.

University of Akron president's home renovations cost $950,000, records show
Renovating and furnishing University of Akron President Scott Scarborough's home cost $950,000, which has angered employees, especially those who lost their jobs this week. 
It was not disputed that the university-owned home on Burning Tree Drive needed improvements. Little had been done during the 15 years former President Luis Proenza lived in it. 
But the cost of furnishings and the scope of the renovations, including expanding the master bedroom and creating a suite for Scarborough's in-laws, has upset employees. The university has said private donations were used to pay the companies that handled the renovations. 
Taylor Construction and Stathos Construction were paid a total of $375,000 for electrical, heating, plumbing and renovations including the conversion of two bedrooms into a master suite. 
Alan Garren Interiors was paid $141,142 for furnishings, including drapes and carpeting. 
However, the university paid about $435,000 more to companies and university employees working on the home, according to records obtained by Northeast Ohio Media Group. University painters, carpenters and electricians spent hundreds of hours at the home at a labor cost of more than $160,000. The university also spent tens of thousands of dollars on materials and items, including appliances, televisions and exercise equipment. 
"There is nothing wrong with improving a house," John Zipp, a sociology professor who is president of the university's chapter of the American Association of University Professors, said Friday. "In 17 years it probably needed the work. The question is how much?" 
Zipp and other current and former employees said this week that rumors have circulated for months regarding the cost of the renovation, but little has been known. The rumors accelerated as 161 employees were notified on Monday and Tuesday that their jobs were among 213 positions abolished by the university to help eliminate a $60 million deficit.


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