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drive, I guess. The drive ended up at 307 million.
How did you end up with--just curiosity--the seven million?
When they came up with the 300 million figure, we then
went through all the needs assessment thing and tried to fit that
into 300 million, i.e. throwing out a lot of things. We got it down
to 300 and then I forget what, there was something else that required
seven. As a matter fact I think the seven million that we hadn't put
in to the needs assessment 300 million figure was the cost of the
drive. I think that's really where the seven comes from.
So, how do you get 300 million? We went to the board and said,
“This is what we recommend. However, it will only occur if the board
puts up a sizable amount of money of its own.” Now you're getting on
very very dangerous ground! “What do you mean by sizable?” I said,
“Forty-five million.” Well, at that point there were about
thirty-five or thirty-six trustees, and six or eight of them were
academics who didn't have any wherewithall, but the board voted that
it should put up the forty-five million itself before we would go
public. That doesn't mean before we asked anybody else but before
going really public.
The whole trick on this kind of a drive is to set the right
level because it's that first big gift that determines what everybody
else is going to give, pretty much. It really does. It's
extraordinary to what degree it does.
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