Thursday, Oct. 16,2008 10:25 p.m.
“Make no small plans for Indiana University,” IU President Michael
McRobbie said in his first-ever State of the University speech Tuesday,
echoing the words of former IU President Herman B Wells.
The speech was aimed at faculty and staff but should be of great
interest to students as well. The tone was largely optimistic. In his
address, McRobbie spoke about the construction or planned construction
of buildings throughout the University for business, information
technology, life sciences and the arts, and the need to expand research.Most importantly, McRobbie was fairly frank about IU’s prospects given
the current financial crisis. He admitted that while the past year was
the best ever for external research funding, government funding could
be scaled back.
He also acknowledged that returns on endowments – a major source of income for the University – could go down.