Boots & Sabers

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0719, 28 Jun 17

UW Won’t Cover UWO Foundation Debt


The University of Wisconsin System will not use taxpayer money to pay the debts of the troubled UW-Oshkosh Foundation, officials said Tuesday, and has backed out of talks with the nonprofit’s creditors about a potential settlement.

It would be “inappropriate” to use public funding to cover what the foundation still owes for a series of improper real estate projects orchestrated by two former top administrators at the Oshkosh campus, said Regent Michael Grebe.

UW officials acknowledged in May that they were in “preliminary discussions” on a settlement with banks that loaned the UW-Oshkosh Foundation money, prompting an outcry from lawmakers who said they opposed a taxpayer-funded “bailout” of the private nonprofit.

 But Grebe said Tuesday that the System is “no longer engaged in settlement discussions, and there is no indication as to if (or) when those talks would resume.”

0719, 28 June 2017


  1. Kevin Scheunemann

    Did someone call for covering irresponsible choices and debt on this?

    Maybe our local liberal trolls?

  2. Jason

    See what transparency gets the average taxpayer? Negotiations were on-going until it was made public. Once it was public knowledge suddenly it was decided to be an inappropriate use of tax payer money.

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