MEDCO - Salisbury University Student Housing
Look at bottom of page 5, MEDCO's debt is not backed by the full faith and credit of the State of Maryland. Also - MEDCO - (page 4 of Balance sheet) - shows huge operational losses for the last three years - 2012 - 3.3 million, 2013 - 4.16 million, 2014 - 4.3 million.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
No Maryland state run facility of any kind has ever turned a profit.No state run facility in ANY state has ever turned a profit.The practice of determining just how much each and every state run facility in the US loses in any given year is routine.How wrong is that when ANY privately run business would go belly up in a year with losses of that magnitude.
ReplyDelete...and what do you suggest to remedy this situation?
ReplyDeletelook - they are getting bigger numbers each year - isn't that an achievement?
ReplyDelete10:24-External non state affiliated funding.States funding state run facilities of any type is in essence a tax payer run facilty.It's a vicious cycle akin to a cat chasing it's own tail.Private funding would at least allow the agencies of the state to break even.
ReplyDelete11:33 the number of welfare people go up every year. Is that an achievement ?
ReplyDeleteIs this that student housing at Seagull Village on Rt. 13 that is owned by Blair Rinnier?
ReplyDelete