How Covid-19 exposed the cracks in a public-private housing deal
When colleges closed last spring, Moody’s said, many “elected to cover the costs of these refunds and credits, even though they had no contractual obligation to do so, which illustrates the strategic linkage and reputational importance of these projects to the universities.” The report cites the University of Toledo and the University of California, Irvine as two examples of institutions that made payments to their partners.
