Florida’s New College to Expand Through Controversial USF Campus Acquisition

Sarah Jenkins, Wall Street Reporter
6 Min Read
⏱️ 4 min read

In a move that has ignited fierce debate across the educational landscape, the New College of Florida is set to significantly enlarge its presence by acquiring the Sarasota-Manatee campus of the University of South Florida (USF). This acquisition, orchestrated by the administration of Governor Ron DeSantis, is expected to triple the size of New College, which has recently undergone a controversial transformation into a bastion of conservative higher education. The deal is not without its critics, who have denounced it as a politically motivated takeover that jeopardises local educational opportunities.

The Acquisition Details

Scheduled to take effect next month, the acquisition involves the transfer of a 32-acre campus that currently serves around 2,000 students and boasts modern facilities, including a six-storey residential hall and a $44 million student centre. This expansion comes at a time when New College, which has around 900 students, has been positioned by DeSantis and his appointed board as a model for his “anti-woke” educational agenda.

Critics, including prominent figures in Florida’s education sector, have voiced their concerns regarding the implications of this acquisition. Lucie Lapovsky, a higher education consultant, highlighted the potential loss of vital programs that cater to a diverse student body, stating, “Sarasota is a big tourist area… it makes no sense whatsoever in terms of access to higher education for students.”

Opposition from Students and Faculty

The proposed acquisition has met with widespread disapproval from USF students, faculty, and members of the local business community. Many argue that the closure of USF Sarasota-Manatee’s programs will severely limit educational pathways in an area known for its hospitality and healthcare industries. Dennis Kukharenko, the student lieutenant governor at USF, expressed the sentiments of many when he said, “All students here on our campus truly would like for USF to stay here… removal of this campus really removes an opportunity to get a degree affordably.”

Moez Limayem, the president of USF, acknowledged the uncertainty surrounding the campus’s fate, expressing concerns for the faculty and students affected by the transition. He assured that existing programs would continue for a four-year “teach-out” period, allowing current students to complete their degrees without disruption. Despite these reassurances, the atmosphere remains tense as stakeholders await the outcome of this acquisition.

Legislative Maneuvering and Political Backlash

The pathway to this acquisition has been fraught with controversy, as accusations of bypassing standard legislative processes have surfaced. Fentrice Driskell, the leader of Florida’s House Democratic caucus, condemned the Republicans for their lack of transparency and for reviving a proposal that had seemingly stalled in the state senate. Driskell described the manoeuvre as one that “reeks of grift,” illustrating the growing discontent among those who see this as a power grab rather than a genuine educational enhancement.

Critics have also raised alarms about the financial implications of this deal. New College’s administration, particularly under the leadership of Richard Corcoran, has faced scrutiny for its spending habits, including a hefty salary package reported at $1.2 million for Corcoran. This figure starkly contrasts with the financial efficiency of other Florida institutions, raising questions about the sustainability of such a model and its alignment with the educational needs of the community.

The Future of Higher Education in Florida

As New College prepares to absorb the Sarasota-Manatee campus, the educational community in Florida finds itself at a crossroads. The potential for a shift in political leadership may offer a glimmer of hope for those opposed to the acquisition, with some expressing optimism that a new governor could reverse the decision. Lapovsky noted, “It’s a tremendous loss to Sarasota and Manatee counties, and anyone who voted for it should be totally ashamed of themselves.”

Richard Corcoran has maintained that New College aims to foster a unique educational environment focused on excellence and civic discourse, although critics remain sceptical about the long-term viability of such ambitions amid significant political influence.

Why it Matters

The acquisition of USF’s Sarasota-Manatee campus by New College of Florida represents a significant shift in the educational landscape of Florida. Beyond the immediate implications for students and faculty, this move serves as a test case for the intersection of politics and education in America. As the debate unfolds, the outcomes could redefine not only local educational opportunities but also the broader narrative surrounding higher education in the United States, prompting a reconsideration of how governance impacts academic institutions and their missions.

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Sarah Jenkins covers the beating heart of global finance from New York City. With an MBA from Columbia Business School and a decade of experience at Bloomberg News, Sarah specializes in US market volatility, federal reserve policy, and corporate governance. Her deep-dive reports on the intersection of Silicon Valley and Wall Street have earned her multiple accolades in financial journalism.
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