{"id":47852,"date":"2017-09-18T09:24:05","date_gmt":"2017-09-18T13:24:05","guid":{"rendered":"http:\/\/webapp2.wright.edu\/web1\/newsroom\/?p=47852"},"modified":"2017-09-18T09:24:05","modified_gmt":"2017-09-18T13:24:05","slug":"ddn-story-wright-state-may-outsource-nutter-center-management-to-boost-finances","status":"publish","type":"post","link":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/2017\/09\/18\/ddn-story-wright-state-may-outsource-nutter-center-management-to-boost-finances\/","title":{"rendered":"DDN story: Wright State may outsource Nutter Center management to boost finances"},"content":{"rendered":"

Excerpt<\/strong><\/em><\/p>\n

\n
\"\"

Wright State University Nutter Center<\/p><\/div>\n

Wright State University is considering outsourcing management of the Nutter Center in the school\u2019s quest to further stabilize its budget.<\/p>\n<\/div>\n

\n

University officials are in ongoing discussions about bringing in outside management companies to operate the Nutter Center, said chief real estate and facilities officer Greg Sample during a board of trustees meeting on Friday.<\/p>\n

Sample also is president of Double Bowler Properties, a Wright State nonprofit organization that has been used to buy property and expand the university\u2019s footprint. Sample said he has no estimate or goal for how much money the university would like to save or boost revenue by, if outside management is hired.<\/p>\n

Wright State is still in the early stages of exploring outsourcing the Nutter Center\u2019s management, said provost Tom Sudkamp.<\/p>\n

\n

\u201cIt will be looked at, along with other outsourcing possibilities,\u201d Sudkamp said. \u201cCan we run the building more efficiently? Could outsourcing reduce expenses or potentially get more revenue? We really won\u2019t know until we look at the options that are available.\u201d<\/p>\n<\/div>\n

\n

The possible Nutter Center change comes as Wright State trustees in June slashed $30.8 million from the school\u2019s 2018 budget in an attempt to correct years of overspending but more work is needed.<\/p>\n

Wright State overspent its fiscal year 2017 budget by $24.6 million. While that\u2019s about $6 million less than originally projected, administrators and trustees are intent on preventing it from happening again.<\/p>\n

\n

In hiring a management firm to run the Nutter Center, Wright State would seek to boost the arena\u2019s finances while also bettering its use for the community, creating a \u201cbalancing act\u201d of priorities, Sample said.<\/p>\n<\/div>\n

\n

A big factor in the decision is how much access students would have to use the facility if management is outsourced, Sample said. Currently, the McLin Gym is available to students on weekends because the university operates it but that might not be an option if management is outsourced.<\/p>\n<\/div>\n

\n

The arena is also home to some of Wright State\u2019s academic programs, officials said.<\/p>\n<\/div>\n

\n

\u201cThat especially is not an easy decision,\u201d Sample said. \u201cWe have had folks approach us and that\u2019s no secret.\u201d<\/p>\n<\/div>\n

\n

Usage of the Nutter Center will be part of Wright State\u2019s ongoing budget considerations, according to a budget remediation plan given to the board Friday morning.<\/p>\n<\/div>\n

\n

An analysis of a WSU audit in December showed that revenue has dipped by around $500,000 at the Nutter Center over 17 years.<\/p>\n<\/div>\n

\n

The revenue dip follows a decrease in the number of events at the Nutter Center since 2010, which makes boosting profits even more difficult. The Nutter Center\u2019s main arena vacancy rate over the past three academic years meant it went unused more than 160 days a year, according to the audit.<\/p>\n

\n

The Nutter Center has been the home of several organizations aside from Wright State including the debunked Dayton Bombers hockey team.<\/p>\n<\/div>\n

\n

But, the athletics department is \u201cthe last tenant left in that building,\u201d athletic director Bob Grant said on Friday. While Grant said that the university\u2019s teams love playing in the Nutter Center, he said that \u201cbuildings like that do not make money.\u201d<\/p>\n<\/div>\n

\n

\u201cWe love playing in that building. It is a delight. It has a big time feel to it,\u201d Grant said.<\/p>\n

\n

Wright State University needs to make up more than $9 million in revenue in order to meet its budget goal this year.<\/p>\n<\/div>\n

\n

The shortfall was partially caused by enrollment declines over summer and fall, meaning the school is down a total of $9.1 million in tuition in fees compared to this time last year, according to a budget report presented to the board of trustees on Friday. The university has also received around $1 million less in gifts and contributions this year than last year, according to the report.<\/p>\n<\/div>\n

\n

Despite the loss, WSU vice president and business of finance Jeff Ulliman reported on Friday that there is a \u201cvery reasonable chance\u201d the school could avoid entering state fiscal watch.<\/p>\n

\n

That\u2019s because Wright State plans to primarily make up tuition and fee losses through job attrition along with a $1.5-million reduction in discretionary spending.<\/p>\n<\/div>\n

\n

There are an estimated 70 to 80 vacant positions on campus now that are saving the university around $3.25 million, according to a budget report. The university estimates around another 100 more positions will be left vacant later this year and could save the school another $4.5 million.<\/p>\n<\/div>\n

\n

The university is currently only filling positions that are deemed highly necessary but that wasn\u2019t good enough for some trustees on Friday. Bruce Langos and Michael Bridges, both trustees, said that the university might want to consider an outright hiring freeze until the school\u2019s budget is in better shape.<\/p>\n<\/div>\n

\n

\u201cI just don\u2019t want to lift our foot off the peddle until we start to really move forward and we\u2019re not moving forward yet,\u201d Bridges said. \u201cWe just need to keep that vigilance up.\u201d<\/p>\n

Read the entire story at daytondailynews.com<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Wright State vice president of business of finance Jeff Ulliman reported on Friday that there is a \u201cvery reasonable chance\u201d the school could avoid entering state fiscal watch. Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":21,"featured_media":39059,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[730],"tags":[],"class_list":["post-47852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wright-state-in-the-news"],"_links":{"self":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/47852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/comments?post=47852"}],"version-history":[{"count":1,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/47852\/revisions"}],"predecessor-version":[{"id":47854,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/47852\/revisions\/47854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media\/39059"}],"wp:attachment":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media?parent=47852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/categories?post=47852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/tags?post=47852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}