Saturday, July 25, 2009

College wants millions from lease agreement with UT system - LAURA TILLMAN, The Brownsville Herald

Texas Southmost College is attempting to recoup more than $10.8 million from the University of Texas System, after the Texas Legislature failed to fully make payments on a lease agreement with the college for several years. The lease agreement has allowed the University of Texas at Brownsville to lease space from TSC’s historic properties, like Gorgas Hall, Tandy Hall, the Cavalry Barracks and dozens of other buildings. Although the state was the entity that failed to adequately pay the lease, the Legislature ended its 2009 session by ordering the University of Texas System to resolve or arbitrate the debt with TSC, according to TSC Board of Trustees Chair David Oliveira.