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Poll

Naming Rights for New Arena or Naming Rights to Medical School

Marquette Medical School
Marquette Arena

Author Topic: Poll: Which is A Better Investment for MU?  (Read 17950 times)

Texas Western

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Poll: Which is A Better Investment for MU?
« on: January 13, 2015, 01:34:03 PM »
What would be a better investment for Marquette buying naming rights to the  new Milwaukee Bucks related arena or to Medical College of Wisconsin (formerly our Medical School). Assume it would take a $50 million investment for either one.
« Last Edit: January 13, 2015, 01:50:11 PM by Texas Western »

Canned Goods n Ammo

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Re: Poll: Which is A Better Investment for MU?
« Reply #1 on: January 13, 2015, 01:41:15 PM »
My gut is Medical College, but I don't know if/how that would work.

As far as a MU arena... provided the logistics work (which is NOT a small challenge), I still don't think it's a good idea. MU doesn't have enough programming to use the facility enough to make it worth it.

You'd be paying big dollars for prime real estate and an expensive building, just to let it sit for 300+ days per year.

Hell, an indoor fieldhouse for soccer, lacrosse, track, etc. would get more use.

warriorchick

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Re: Poll: Which is A Better Investment for MU?
« Reply #2 on: January 13, 2015, 01:48:25 PM »
I believe you forgot to include a "none of the above" choice.
Have some patience, FFS.

Texas Western

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Re: Poll: Which is A Better Investment for MU?
« Reply #3 on: January 13, 2015, 01:55:08 PM »
My gut is Medical College, but I don't know if/how that would work.

As far as a MU arena... provided the logistics work (which is NOT a small challenge), I still don't think it's a good idea. MU doesn't have enough programming to use the facility enough to make it worth it.

You'd be paying big dollars for prime real estate and an expensive building, just to let it sit for 300+ days per year.

Hell, an indoor fieldhouse for soccer, lacrosse, track, etc. would get more use.
I think the biggest mistake of the last 50 years was giving up the medical school name. So I am assuming if we contributed $50 million they would give us back the name ( an assumption)

As to the arena, it would be the New downtown arena and we are just buying the name rights.

I agree wholeheartedly about the indoor fieldhouse. That would change the dramatically change the dynamic of the school for the kids.

warriorchick

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Re: Poll: Which is A Better Investment for MU?
« Reply #4 on: January 13, 2015, 02:06:01 PM »
I think the biggest mistake of the last 50 years was giving up the medical school name. So I am assuming if we contributed $50 million they would give us back the name ( an assumption)

As to the arena, it would be the New downtown arena and we are just buying the name rights.

I agree wholeheartedly about the indoor fieldhouse. That would change the dramatically change the dynamic of the school for the kids.

I think changing the medical school back to "Marquette School of Medicine" is more complicated than just slapping a new name on it.  It would have to become a Jesuit institution again in every sense of the word.  Also, wasn't the main reason it got spun off was that it became a major financial drain? That would eat up that $50 million in no time.

And who cares about Marquette Medical School going away (and in name only) except a few alum?  I am not trying to be a smart ass, it's an honest question.
Have some patience, FFS.

Spotcheck Billy

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Re: Poll: Which is A Better Investment for MU?
« Reply #5 on: January 13, 2015, 02:11:09 PM »
and why would the Bucks let another team put their name on the new Bucks arena?

Canned Goods n Ammo

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Re: Poll: Which is A Better Investment for MU?
« Reply #6 on: January 13, 2015, 02:13:15 PM »
I think the biggest mistake of the last 50 years was giving up the medical school name. So I am assuming if we contributed $50 million they would give us back the name ( an assumption)

As to the arena, it would be the New downtown arena and we are just buying the name rights.

I agree wholeheartedly about the indoor fieldhouse. That would change the dramatically change the dynamic of the school for the kids.

Well, if it's just naming rights, then I don't want the arena at all. As far as medical college, again, I don't know the logisitics/challenges of such a plan, so I'll plead ignorance.

AND, in theory, I'm not necessarily in favor of a fieldhouse either. While I love shiny new things, I'd like MU to continue to lay out a plan where they can be efficient and viable in the future. A new fieldhouse is fun and all, but tuition cannot climb forever, so I'd like to see how they are planning for the future.  

martyconlonontherun

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Re: Poll: Which is A Better Investment for MU?
« Reply #7 on: January 13, 2015, 02:19:25 PM »
and why would the Bucks let another team put their name on the new Bucks arena?
The Bucks wouldn't mind if the are the highest biddder. Going rates got be $3M/year so I bet naming right will sell for 25 years/75 million. I doubt MU would pay that when they could just invest that in the university for better building/etc. The bball team provides enough publicity.

MU Fan in Connecticut

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Re: Poll: Which is A Better Investment for MU?
« Reply #8 on: January 13, 2015, 02:42:15 PM »
I believe you forgot to include a "none of the above" choice.

+1

warriorchick

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Re: Poll: Which is A Better Investment for MU?
« Reply #9 on: January 13, 2015, 02:47:43 PM »
I think it is interesting that people throw around these 8-figure amounts like it's cash that is currently burning a hole in President Lovell's pocket.

Marquette is never going to have that kind of money to spend a vanity project unless someone donates it - and in that case, it will go to whatever project the donor wants to spend it on.  And that project would likely carry the donor's name, not Marquette's.
Have some patience, FFS.

Coleman

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Re: Poll: Which is A Better Investment for MU?
« Reply #10 on: January 13, 2015, 03:18:30 PM »
I think it is interesting that people throw around these 8-figure amounts like it's cash that is currently burning a hole in President Lovell's pocket.

Marquette is never going to have that kind of money to spend a vanity project unless someone donates it - and in that case, it will go to whatever project the donor wants to spend it on.  And that project would likely carry the donor's name, not Marquette's.

A Scooper can dream!

I vote for MUScoop College of Medicine at Marquette University, where everyone is the expert.

mu03eng

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Re: Poll: Which is A Better Investment for MU?
« Reply #11 on: January 13, 2015, 03:20:13 PM »
I think the question is flawed.  Naming rights is just crap.  Either an its a partial investment in MCW or in the new arena.  I'd vote for investing in the arena way before I'd invest anything in MCW.
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Texas Western

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Re: Poll: Which is A Better Investment for MU?
« Reply #12 on: January 13, 2015, 03:24:37 PM »
Just a theoretical exercise on a slow Tuesday afternoon to get view points. Obviously we need a benefactor.

Having our name on a top 50 medical school might be worth it in some peoples estimation. May upgrade our overall perceived status in a meaningful way and also tie in about 2/3 of the undergraduate majors .

I am thinking of the naming right as an alternative to investing in the equity of the arena, which is effectively a contribution .  At least with naming we got Marketing and intangible benefits.

mu03eng

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Re: Poll: Which is A Better Investment for MU?
« Reply #13 on: January 13, 2015, 03:34:16 PM »
Just a theoretical exercise on a slow Tuesday afternoon to get view points. Obviously we need a benefactor.

Having our name on a top 50 medical school might be worth it in some peoples estimation. May upgrade our overall perceived status in a meaningful way and also tie in about 2/3 of the undergraduate majors .

I am thinking of the naming right as an alternative to investing in the equity of the arena, which is effectively a contribution .  At least with naming we got Marketing and intangible benefits.

I have friends that work at MCW so I'm more "aware" of it than most and I'm hard pressed to imagine there are any tangible marketing benefits for putting Marquette's name on it.  Plus other than money, what does MCW get out of the deal?  Do they really need to change brands at this point?

This strikes me as the same thing as longing for a football team.  A money pit that's only benefit is to make some alumni who remember when such things were MU feel vindicated.
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warriorchick

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Re: Poll: Which is A Better Investment for MU?
« Reply #14 on: January 13, 2015, 03:41:33 PM »
Just a theoretical exercise on a slow Tuesday afternoon to get view points. Obviously we need a benefactor.

Having our name on a top 50 medical school might be worth it in some peoples estimation. May upgrade our overall perceived status in a meaningful way and also tie in about 2/3 of the undergraduate majors .

I am thinking of the naming right as an alternative to investing in the equity of the arena, which is effectively a contribution .  At least with naming we got Marketing and intangible benefits.

It's a meaningless exercise. It would be like putting up a poll on whether jsglow's next wife should be Kate Upton or Heidi Klum.  It's not going to happen (for a variety of reasons), so why bother?
Have some patience, FFS.

Coleman

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Re: Poll: Which is A Better Investment for MU?
« Reply #15 on: January 13, 2015, 03:42:09 PM »
It does sort of beg the question though, I wonder why MCW completely got rid of the Marquette name, rather than being Marquette Medical College but a different legal entity?

mu03eng

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Re: Poll: Which is A Better Investment for MU?
« Reply #16 on: January 13, 2015, 04:00:37 PM »
It does sort of beg the question though, I wonder why MCW completely got rid of the Marquette name, rather than being Marquette Medical College but a different legal entity?

Why would they keep Marquette in the name without any affiliation to the university?  And if the university was divesting the group at the time, why would Marquette want it's name associated with it?
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mu03eng

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Re: Poll: Which is A Better Investment for MU?
« Reply #17 on: January 13, 2015, 04:02:52 PM »
It's a meaningless exercise. It would be like putting up a poll on whether jsglow's next wife should be Kate Upton or Heidi Klum.  It's not going to happen (for a variety of reasons), so why bother?

I know that is totally ridiculous.....who would even compare Kate Upton and Heidi Klum.  Nobody would pick Heidi in that scenario.

Now if it's a poll of Kate Upton vs Blake Lively we've got a whole other ball game.

 ;D
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Coleman

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Re: Poll: Which is A Better Investment for MU?
« Reply #18 on: January 13, 2015, 04:10:39 PM »
It's a meaningless exercise. It would be like putting up a poll on whether jsglow's next wife should be Kate Upton or Heidi Klum.  It's not going to happen (for a variety of reasons), so why bother?

I thought you were Kate Upton....

warriorchick

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Re: Poll: Which is A Better Investment for MU?
« Reply #19 on: January 13, 2015, 04:11:09 PM »
I thought you were Kate Upton....

Yeah, I get that a lot.....
Have some patience, FFS.

warriorchick

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Re: Poll: Which is A Better Investment for MU?
« Reply #20 on: January 13, 2015, 04:17:01 PM »
I know that is totally ridiculous.....who would even compare Kate Upton and Heidi Klum.  Nobody would pick Heidi in that scenario.

Now if it's a poll of Kate Upton vs Blake Lively we've got a whole other ball game.

 ;D

I guess it depends on what exactly you are looking for as a wife and whether you are thinking long term or short term.

Heidi is way, way, wealthier.  Plus she can hold up her end of a conversation.  And  you already know she ages well.

If you have ever seen Kate when it's not Sports Illustrated swimsuit shoot season, you can tell that girl has trouble keeping her weight down.  I have a feeling she is going to blow up like a balloon as soon as she is "retired".
Have some patience, FFS.

brewcity77

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Re: Poll: Which is A Better Investment for MU?
« Reply #21 on: January 13, 2015, 04:38:04 PM »
Neither. Putting our name on the arena just doesn't feel like a big deal. Whether it's the Mecca, or Bradley Center, or BMO Harris Bradley Center, the arena name hasn't mattered. Could it be a recruiting tool to have our name mentioned every time the Bucks play? Sure, but not as much as a new athletic dorm like Kentucky's Coal Lodge.

As far as the Medical College, as mentioned before it would have to be a full Jesuit institution. I just don't see that happening.
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TAMU, Knower of Ball

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Re: Poll: Which is A Better Investment for MU?
« Reply #22 on: January 13, 2015, 04:48:24 PM »
Neither
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Stronghold

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Re: Poll: Which is A Better Investment for MU?
« Reply #23 on: January 13, 2015, 05:55:20 PM »
Can't we put our name on Potawatomi and share the revenue?  Damn, I knew we should have kept the Native American mascot...

rocket surgeon

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Re: Poll: Which is A Better Investment for MU?
« Reply #24 on: January 13, 2015, 07:11:19 PM »
if mu has that kind of money, might as well start a football team with the marquette name on the jerseys, cheerleaders with the marquette name on, coaches with shirts and marquette name on, a field with marquette name...
don't...don't don't don't don't

GooooMarquette

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Re: Poll: Which is A Better Investment for MU?
« Reply #25 on: January 13, 2015, 07:51:27 PM »
If it was possible, the medical school.  Having a medical and law school gives a school lots of visibility and respect in the academic community.  I agree with Tex Western - relinquishing control to the state was the biggest MU mistake in decades.  

I helped the med school with a fundraising drive - calling MU Med School alums - shortly after the change.  Typical responses:

- "Sure, I'd be happy to donate...as soon as you get the Marquette name back!"  Click.
- "What are you talking about, I didn't go to that school."  Click.
- "You don't need my money now that you're taking state dollars."  Click.
- Click.

It was a lot of fun.

rocky_warrior

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Re: Poll: Which is A Better Investment for MU?
« Reply #26 on: January 13, 2015, 08:08:12 PM »
I'm kinda shocked by the answers.  I get that it's a completely hypothetical and not even possible.

But, the only good marketing choice for naming rights would be the Marquette Arena.  Naming the med school that only gets you regional recognition in the exact same region you already have recognition.

The Los Angeles Lakers (and every other NBA team) playing the Milwaukee Bucks at Marquette University Arena on national TV gets you much more bang for your hypothetical marketing dollars.

Look at University of Phoenix Stadium as an example.

GooooMarquette

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Re: Poll: Which is A Better Investment for MU?
« Reply #27 on: January 13, 2015, 08:25:02 PM »
Does anyone view the University of Phoenix as a serious academic institution...or is it merely the .com school that happens to have paid to name a stadium?

My impression has always been the latter.

jesmu84

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Re: Poll: Which is A Better Investment for MU?
« Reply #28 on: January 13, 2015, 09:31:55 PM »
Does anyone view the University of Phoenix as a serious academic institution...or is it merely the .com school that happens to have paid to name a stadium?

My impression has always been the latter.

No. It's a for-profit diploma mill. Point is though, like Rocky noted, the marketing and recognition are the important pieces.

warriorchick

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Re: Poll: Which is A Better Investment for MU?
« Reply #29 on: January 13, 2015, 09:37:06 PM »
I'm kinda shocked by the answers.  I get that it's a completely hypothetical and not even possible.

But, the only good marketing choice for naming rights would be the Marquette Arena.  Naming the med school that only gets you regional recognition in the exact same region you already have recognition.

The Los Angeles Lakers (and every other NBA team) playing the Milwaukee Bucks at Marquette University Arena on national TV gets you much more bang for your hypothetical marketing dollars.

Look at University of Phoenix Stadium as an example.

If main arena was renamed the Marquette Arena, people outside of Wisconsin would have one of the following two questions:

1. Why are the Bucks playing in a college arena?
2. When did the Bucks move to Michigan?
Have some patience, FFS.

Dr. Blackheart

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Re: Poll: Which is A Better Investment for MU?
« Reply #30 on: January 13, 2015, 09:58:02 PM »
Best investment is for MU is to grab the land from the Interchange to the River.  Naming rights ain't worth diddly for a university. Real estate is where it is at for a non-profit, and there are some good deals in that tract.

mileskishnish72

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Re: Poll: Which is A Better Investment for MU?
« Reply #31 on: January 14, 2015, 05:30:31 AM »
It was 1968, the year of the Tet offensive. The Marquette University School of Medicine was losing lots of money. It became the Marquette School of Medicine, Inc. When it came to getting state money, the name had to be changed so that all the upstate people didn't have the idea that tax dollars were going to a religious institution. Voila! - Medical College of Wisconsin. It ain't coming back.

chapman

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Re: Poll: Which is A Better Investment for MU?
« Reply #32 on: January 14, 2015, 06:16:47 AM »
For $50M they could build a new business school and have money left over.  I vote that.

4everwarriors

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Re: Poll: Which is A Better Investment for MU?
« Reply #33 on: January 14, 2015, 06:45:22 AM »
We got a better chance of gettin' Willie and the Warriors back, than MCW morphin' into the 15th Street Medical School again, aina?
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Coleman

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Re: Poll: Which is A Better Investment for MU?
« Reply #34 on: January 14, 2015, 10:18:06 AM »
No. It's a for-profit diploma mill. Point is though, like Rocky noted, the marketing and recognition are the important pieces.


Ehhhhh


U of Phoenix is for-profit, and it has plenty of issues. But I would not call it a diploma mill. It has been around a long time and does actually do some good for some people. I would liken it to DeVry. Most importantly, they are both regionally accredited schools (regional accreditation is the most important). Unlike some for-profit schools, I would argue a degree from U of Phoenix or DeVry are certainly better than no college degree, in terms of finding a job. Plenty of people at my office have degrees from these schools, and have successful careers.


There are plenty of for-profit schools that are much more egregious in their practices than U of Phoenix, and that are not accredited.
« Last Edit: January 14, 2015, 10:20:37 AM by Bleuteaux »

MU8285

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Re: Poll: Which is A Better Investment for MU?
« Reply #35 on: January 14, 2015, 12:26:26 PM »
This strikes me as the same thing as longing for a football team.  A money pit that's only benefit is to make some alumni who remember when such things were MU feel vindicated.

In that vein though, there is clearly a value to having a football team beyond making alumni feel good.  There was never one when I was there, so no big deal.  But my niece is getting ready to pick a college.  She was admitted to Marquette.  She listed as one of the reasons she will not be going there as the lack of a football team.  She thinks football Saturdays will be important to the overall college experience. 

I know some of you will come down on her for felling that way, but the point is if one kid feels that way, there are probably a lot more than do too.  So don't say bringing back football has no value.  Might not be worth the investment, but it has value.

forgetful

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Re: Poll: Which is A Better Investment for MU?
« Reply #36 on: January 14, 2015, 12:54:02 PM »
If Marquette could reclaim ownership of the Medical College of Wisconsin it would be a huge huge deal.  It would immediately make MU a tier 1 research University.  It would have more research dollars than many AAU schools.

mu03eng

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Re: Poll: Which is A Better Investment for MU?
« Reply #37 on: January 14, 2015, 12:57:13 PM »

If you have ever seen Kate when it's not Sports Illustrated swimsuit shoot season, you can tell that girl has trouble keeping her weight down.  I have a feeling she is going to blow up like a balloon as soon as she is "retired".

That's for future me to worry about
"A Plan? Oh man, I hate plans. That means were gonna have to do stuff. Can't we just have a strategy......or a mission statement."

rocket surgeon

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Re: Poll: Which is A Better Investment for MU?
« Reply #38 on: January 16, 2015, 04:54:06 AM »
In that vein though, there is clearly a value to having a football team beyond making alumni feel good.  There was never one when I was there, so no big deal.  But my niece is getting ready to pick a college.  She was admitted to Marquette.  She listed as one of the reasons she will not be going there as the lack of a football team.  She thinks football Saturdays will be important to the overall college experience. 

I know some of you will come down on her for felling that way, but the point is if one kid feels that way, there are probably a lot more than do too.  So don't say bringing back football has no value.  Might not be worth the investment, but it has value.

my nephew from the chicago area did the same.  he loved marquette-location, academics, basketball tradition...but-wanted saturday football.  so he goes to traditional perennial football power-indiana, and gets tom crean as a bonus, but he got his academics fulfilled.  remember, he made this decision coming out of high school. 
don't...don't don't don't don't

77ncaachamps

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Re: Poll: Which is A Better Investment for MU?
« Reply #39 on: January 16, 2015, 05:04:04 PM »
Medical schools bring acclaim and positive attention.

Arenas could be filled with the likes of Bob Dukiet and stay hollow.

SS Marquette

Texas Western

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Re: Poll: Which is A Better Investment for MU?
« Reply #40 on: January 16, 2015, 07:48:53 PM »
If Marquette could reclaim ownership of the Medical College of Wisconsin it would be a huge huge deal.  It would immediately make MU a tier 1 research University.  It would have more research dollars than many AAU schools.
This is how I look at it. It is why I framed the question. It is why I think it was the biggest mistake our school made. Should be a priorty of Lovell.

Look at what Seton Hall is doing...

http://www.nj.com/news/index.ssf/2015/01/seton_hall_medical_school.html

Coleman

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Re: Poll: Which is A Better Investment for MU?
« Reply #41 on: January 16, 2015, 08:45:52 PM »
This is how I look at it. It is why I framed the question. It is why I think it was the biggest mistake our school made. Should be a priorty of Lovell.

Look at what Seton Hall is doing...

http://www.nj.com/news/index.ssf/2015/01/seton_hall_medical_school.html

Wow. Maybe MU should seriously look into this, even just a study of what the feasibility and costs would be. For the record, our endowment is almost twice Seton Hall's (about $240 mil vs. about $560 mil). The article says they are splitting costs with a local health network. If MU could partner to do that with Aurora or Columbia St. Mary's it might actually be worth a look. Hell, Aurora already has a hospital on campus. MU already has a top notch biomedical sciences/engineering program. It would create Milwaukee jobs, and I bet Walker would throw some state money at it. Yes, MCW is in Milwaukee, but there are only 2 medical schools in the whole state, and with the ACA and many doctors retiring in the next decades, the demand will be going through the roof.

I'm not saying it necessarily would work, but I agree, its worth a feasibility study.
« Last Edit: January 16, 2015, 08:47:30 PM by Bleuteaux »

Texas Western

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Re: Poll: Which is A Better Investment for MU?
« Reply #42 on: January 16, 2015, 09:37:11 PM »
I guess it depends on what exactly you are looking for as a wife and whether you are thinking long term or short term.

Heidi is way, way, wealthier.  Plus she can hold up her end of a conversation.  And  you already know she ages well.

If you have ever seen Kate when it's not Sports Illustrated swimsuit shoot season, you can tell that girl has trouble keeping her weight down.  I have a feeling she is going to blow up like a balloon as soon as she is "retired".
Looks like Justin Verlander  has to wait till she is retired...
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brewcity77

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Re: Poll: Which is A Better Investment for MU?
« Reply #43 on: January 16, 2015, 09:49:09 PM »
The article says they are splitting costs with a local health network. If MU could partner to do that with Aurora or Columbia St. Mary's it might actually be worth a look. Hell, Aurora already has a hospital on campus.

Wheaton Franciscan may be an even better option. It's the largest hospital system employer in the state and has three hospitals in the Milwaukee metro area. It's the fastest growing system, but unlike the other big systems it doesn't really have a signature specialty, like St Mary's burn unit, Aurora's cardiac center at Luke's, or Froedtert's trauma center and medical college.
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WarriorPA

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Re: Poll: Which is A Better Investment for MU?
« Reply #44 on: January 16, 2015, 10:14:45 PM »
Wheaton Franciscan may be an even better option. It's the largest hospital system employer in the state and has three hospitals in the Milwaukee metro area. It's the fastest growing system, but unlike the other big systems it doesn't really have a signature specialty, like St Mary's burn unit, Aurora's cardiac center at Luke's, or Froedtert's trauma center and medical college.

Wheaton is definitely not the biggest hospital employer in the state. I believe Aurora is actually the largest employer in the state (any type). Three hospitals within Milwaukee County with additional hospitals in Ozaukee, Kenosha, and Waukesha counties as well as further north (Oshkosh for sure). Unfortunately, Aurora has a partnership with UW Health for the medical school and residency/fellowship programs.

As a proud grad of the MU Physician Assistant program (hence, WarriorPA) I know the biomedical sciences program is absolutely top notch in addition to the PA and PT programs. The College of Health Sciences is under appreciated. The biomedical sciences major is actually the largest major on campus and I've heard rumors that they are not even considering students for acceptance with ACT scores less than 28.
« Last Edit: January 17, 2015, 08:43:35 AM by WarriorPA »

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Re: Poll: Which is A Better Investment for MU?
« Reply #45 on: January 16, 2015, 10:25:37 PM »
That's right, Aurora is largest, Wheaton is fastest growing (at least according to their press). But yeah, Aurora is UW, Froedtert is MCW. CSM or Wheaton are the two main options. Having worked for CSM I'd avoid them at all costs. Already closed the Columbia campus and have constantly been downsizing. Ascension Health (CSM's parent company) has tons of national interests and isn't vested in Wisconsin. Right now their only focus is keeping their head above water.
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Re: Poll: Which is A Better Investment for MU?
« Reply #46 on: January 16, 2015, 10:45:44 PM »
This is how I look at it. It is why I framed the question. It is why I think it was the biggest mistake our school made. Should be a priorty of Lovell.

Look at what Seton Hall is doing...

http://www.nj.com/news/index.ssf/2015/01/seton_hall_medical_school.html

Yep.  If SHU can find the resources to develop a med school from scratch, MU should be able to find a way to regain naming rights and control over MCW.  Maybe partner with GE Medical Systems, like SHU is partnering with Roche?

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Re: Poll: Which is A Better Investment for MU?
« Reply #47 on: January 16, 2015, 10:55:15 PM »
I don't think the medical school is on Marquette's radar. Nor do I think it will be anytime soon. I also personally think it shouldn't be. The university has much bigger (or more immediate might be the better term) problems to face (tiny endowment, cost of tuition, woefully out of date rec center, inadequate housing, lack of elite professors) that need to addressed before they can start thinking about wants like a medical school.
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Coleman

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Re: Poll: Which is A Better Investment for MU?
« Reply #48 on: January 17, 2015, 12:25:22 AM »
I don't think the medical school is on Marquette's radar. Nor do I think it will be anytime soon. I also personally think it shouldn't be. The university has much bigger (or more immediate might be the better term) problems to face (tiny endowment, cost of tuition, woefully out of date rec center, inadequate housing, lack of elite professors) that need to addressed before they can start thinking about wants like a medical school.

Our endowment is twice the size of SHU's

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Re: Poll: Which is A Better Investment for MU?
« Reply #49 on: January 17, 2015, 12:31:10 AM »
Our endowment is twice the size of SHU's

I hope we don't use SHU as a measuring stick. If we do, we're doomed.
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Re: Poll: Which is A Better Investment for MU?
« Reply #50 on: January 17, 2015, 02:11:43 AM »
I hope we don't use SHU as a measuring stick. If we do, we're doomed.

Are you suggesting any school with an endowment like SHU or lower is doomed?

warriorchick

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Re: Poll: Which is A Better Investment for MU?
« Reply #51 on: January 17, 2015, 08:41:36 AM »
I don't think the medical school is on Marquette's radar. Nor do I think it will be anytime soon. I also personally think it shouldn't be. The university has much bigger (or more immediate might be the better term) problems to face (tiny endowment, cost of tuition, woefully out of date rec center, inadequate housing, lack of elite professors) that need to addressed before they can start thinking about wants like a medical school.

This. Unless some donor writes MU a nine-figure check (and let's assume he/she would not have given the money for any other purpose), starting a medical school would only divert funds and attention from Marquette's more pressing needs.
Have some patience, FFS.

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Re: Poll: Which is A Better Investment for MU?
« Reply #52 on: January 17, 2015, 09:15:36 AM »
I hope we don't use SHU as a measuring stick. If we do, we're doomed.

SHU was used as an example because they've figured out how to finance a medical school.  We apparently haven't.  Maybe you're right - we're doomed.

Coleman

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Re: Poll: Which is A Better Investment for MU?
« Reply #53 on: January 17, 2015, 10:00:41 AM »
I don't think the medical school is on Marquette's radar. Nor do I think it will be anytime soon. I also personally think it shouldn't be. The university has much bigger (or more immediate might be the better term) problems to face (tiny endowment, cost of tuition, woefully out of date rec center, inadequate housing, lack of elite professors) that need to addressed before they can start thinking about wants like a medical school.

By the way, besides the endowment which I already addressed, the university is and has been addressing housing for several years. I don't consider updating the rec center to be a huge priority (it is much more a "nice to have"), although I agree with you it is out of date. I disagree on the lack of elite professors and would argue that a med school would be a perfect vehicle to bring even more in. The cost of tuition is something every university is dealing with. I don't see why Lovell couldn't walk and chew gum at the same time.
« Last Edit: January 17, 2015, 10:02:35 AM by Bleuteaux »

warriorchick

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Re: Poll: Which is A Better Investment for MU?
« Reply #54 on: January 17, 2015, 10:48:06 AM »
SHU was used as an example because they've figured out how to finance a medical school.  We apparently haven't.  Maybe you're right - we're doomed.

Perhaps "we" have figured out how to finance a medical school, but just don't want to.
Have some patience, FFS.

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Re: Poll: Which is A Better Investment for MU?
« Reply #55 on: January 17, 2015, 11:57:25 AM »
SHU was used as an example because they've figured out how to finance a medical school.  We apparently haven't.  Maybe you're right - we're doomed.

Look, just because Seton Hall doesn't spend their money wisely doesn't mean we have to. I would be surprised if Seton Hall exists in 50 years.
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TAMU, Knower of Ball

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Re: Poll: Which is A Better Investment for MU?
« Reply #56 on: January 17, 2015, 12:00:19 PM »
Are you suggesting any school with an endowment like SHU or lower is doomed?

No, but I'm suggesting non-elite private schools are doomed
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Re: Poll: Which is A Better Investment for MU?
« Reply #57 on: January 17, 2015, 12:02:18 PM »
No, but I'm suggesting non-elite private schools are doomed

I agree.

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Re: Poll: Which is A Better Investment for MU?
« Reply #58 on: January 17, 2015, 12:04:33 PM »
By the way, besides the endowment which I already addressed, the university is and has been addressing housing for several years. I don't consider updating the rec center to be a huge priority (it is much more a "nice to have"), although I agree with you it is out of date. I disagree on the lack of elite professors and would argue that a med school would be a perfect vehicle to bring even more in. The cost of tuition is something every university is dealing with. I don't see why Lovell couldn't walk and chew gum at the same time.

I have worked at four different universities, one of them is division 2. I have visited dozens more. Marquette has the worst housing and rec facilities of any university that I have witnessed. We are decades behind other universities. That's including the "upgrades" we've made to housing in the last few years.

The endowment is way too small for a university of our prestige.

Elite professors don't come to Marquette anymore. They go to the large state schools. Marquette doesn't have enough to offer them in terms of research opportunities.

And yes every school is dealing with cost of tuition, but small privates like us have a much bigger problem than the state schools.

I also think you underestimate the cost of a medical school. As chick said, we would need a 9 figure donation that was earmarked for a medical school.
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Coleman

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Re: Poll: Which is A Better Investment for MU?
« Reply #59 on: January 17, 2015, 12:10:57 PM »
No, but I'm suggesting non-elite private schools are doomed

Do you consider MU "elite" right now? Because I don't. Things like medical schools get you there.

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Re: Poll: Which is A Better Investment for MU?
« Reply #60 on: January 17, 2015, 12:13:44 PM »
I have worked at four different universities, one of them is division 2. I have visited dozens more. Marquette has the worst housing and rec facilities of any university that I have witnessed. We are decades behind other universities. That's including the "upgrades" we've made to housing in the last few years.

The endowment is way too small for a university of our prestige.

Elite professors don't come to Marquette anymore. They go to the large state schools. Marquette doesn't have enough to offer them in terms of research opportunities.

And yes every school is dealing with cost of tuition, but small privates like us have a much bigger problem than the state schools.

I also think you underestimate the cost of a medical school. As chick said, we would need a 9 figure donation that was earmarked for a medical school.

Medical school = biggest research opportunities in academia.

By the way, although startup costs are significant (which is why you partner with a medical system) there is nothing preventing it from becoming revenue neutral or revenue positive....R&D = medical discoveries, patents, new drugs, therapies, etc which can all bring in money. If you have a university run hospital that is also a revenue generator.

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Re: Poll: Which is A Better Investment for MU?
« Reply #61 on: January 17, 2015, 12:13:52 PM »
I have worked at four different universities, one of them is division 2. I have visited dozens more. Marquette has the worst housing and rec facilities of any university that I have witnessed. We are decades behind other universities. That's including the "upgrades" we've made to housing in the last few years.

The endowment is way too small for a university of our prestige.

Elite professors don't come to Marquette anymore. They go to the large state schools. Marquette doesn't have enough to offer them in terms of research opportunities.

And yes every school is dealing with cost of tuition, but small privates like us have a much bigger problem than the state schools.

I also think you underestimate the cost of a medical school. As chick said, we would need a 9 figure donation that was earmarked for a medical school.

Regaining control of MCW would probably cost MU $250M.  Starting its own medical school from scratch, even more.  I agree that the money would be better served going to the endowment (it needs to be $1B+).  

But the original question asked (I'm assuming for the same amount of money) what would be better, naming rights, or the medical school.  Without a doubt if somehow it was that cheap, getting MCW back would be awesome.

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Re: Poll: Which is A Better Investment for MU?
« Reply #62 on: January 17, 2015, 12:14:21 PM »
Do you consider MU "elite" right now? Because I don't. Things like medical schools get you there.

I do. Top 100 rankings also get you there. Medical schools are money sucks for years and years before they start to have a positive impact.
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Re: Poll: Which is A Better Investment for MU?
« Reply #63 on: January 17, 2015, 05:48:47 PM »
I do. Top 100 rankings also get you there. Medical schools are money sucks for years and years before they start to have a positive impact.

Which would be relevant if the question was whether MU should start a med school from scratch.  It wasn't; the question was whether MU should get MCW back if it could.

I have no idea if that's possible, but talking about start up costs and "money sucks for years and years" is totally irrelevant given the initial question.

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Re: Poll: Which is A Better Investment for MU?
« Reply #64 on: January 17, 2015, 06:21:24 PM »
Perhaps "we" have figured out how to finance a medical school, but just don't want to.

Given MU's track record of decisions regarding the med school, that's quite plausible.

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Re: Poll: Which is A Better Investment for MU?
« Reply #65 on: January 17, 2015, 08:05:16 PM »
I have worked at four different universities, one of them is division 2. I have visited dozens more. Marquette has the worst housing and rec facilities of any university that I have witnessed. We are decades behind other universities. That's including the "upgrades" we've made to housing in the last few years.

The endowment is way too small for a university of our prestige.

Elite professors don't come to Marquette anymore. They go to the large state schools. Marquette doesn't have enough to offer them in terms of research opportunities.

And yes every school is dealing with cost of tuition, but small privates like us have a much bigger problem than the state schools.

I also think you underestimate the cost of a medical school. As chick said, we would need a 9 figure donation that was earmarked for a medical school.

Are there any particular schools that you think MU should try to emulate?  Should MU aim to be, say, a Midwest version of Georgetown, for instance?

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Re: Poll: Which is A Better Investment for MU?
« Reply #66 on: March 25, 2015, 12:55:55 PM »

Ehhhhh


U of Phoenix is for-profit, and it has plenty of issues. But I would not call it a diploma mill. It has been around a long time and does actually do some good for some people. I would liken it to DeVry. Most importantly, they are both regionally accredited schools (regional accreditation is the most important). Unlike some for-profit schools, I would argue a degree from U of Phoenix or DeVry are certainly better than no college degree, in terms of finding a job. Plenty of people at my office have degrees from these schools, and have successful careers.


There are plenty of for-profit schools that are much more egregious in their practices than U of Phoenix, and that are not accredited.

Fewer and fewer people, it seems....

http://money.cnn.com/2015/03/25/investing/university-of-phoenix-apollo-earnings-tank/index.html

 

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