Quote:
Originally Posted by jb2000
That was my initial thought, that you just return the money and be done with it. However, it is bound to be a VERY sizeable amount and possibly in excess of the current value of the building. At that point they may as well demolish the dorm and build a new one that they can name whatever they want. Also, the argument could be made that if it is the name that the Daughters find so valuable, not the contribution to the institution and the betterment of the school, then they have gotten 75 years of value out of it already. That's a pretty good lifespan, so it could be said that some pro-rating of the amount would have to account for this.
Josh
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Yeah I'm sure some adjustmants could be made. I know that nowadays some companies give money to sports franchises and cities in order to get stadiums named after themselves. When I was in Seattle Safeco bought the rights to name the Mariners stadium Safeco Field. They didn't build the structure like the DOC just gave them $10M or so as I recall. I wonder how much they would give Safeco back if they wanted to rename it?