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Regent: Consultant to Mull Asset Sales, Purchasing
IOWA CITY, Iowa (AP) - Iowa Board of Regents President Bruce Rastetter says a consultant will consider whether to privatize non-essential university enterprises such as golf courses and power plants.
Rastetter told the University of Iowa Faculty Senate on Tuesday that Deloitte Consulting will also likely find ways to save money by pooling the universities' purchasing power and eliminating duplicative programs.
Earlier Tuesday, the regents hired Deloitte at an estimated cost of $2.5 million to conduct a wide-ranging review of operations at the University of Iowa, the University of Northern Iowa and Iowa State University. The goal is to find ways to cut costs, boost revenue and improve services.
Rastetter says he doesn't know whether the universities should sell their golf courses or power plants, but that "we ought to take a look at it."