The recently released 2012 financials show a loss of $1.7 million. This does NOT include the hidden rent expense, which I estimate at $2 million additional.
Someday the Pennsylvania government will get on top of this. It’s very likely that Temple’s Japan project has cost the university upwards of $70 or $80 million in the past 30 years. Wouldn’t it have been better to do an exchange program, as practically all other schools do when it comes to offering a program in Japan?
Why do the taxpayers, through the Commonwealth appropriation, have to backstop and subsidize Temple when it engages in these kinds of things?