Waste and Financial Chaos in LaLa Land
The L.A. Community College District provides a shining example of epic wastefulness — direct from the front lines of the higher-ed bubble:
Officials at West Los Angeles College spent $39 million to design and begin construction on four major buildings, only to abandon the projects when they realized there was too little money to finish them.
An additional $10 million was lost to mistakes in the management of a solar power initiative led by Eisenberg, who tried to brand the district as a world leader in environmentally friendly construction.
And there’s more to this profligate story, much more.