My Alma mater has done a similar thing. They bought up a few historical Victorian homes and used them for offices. This is millions just for the purchase let alone the remodeling.
Then they tore down the historical homes (how much did that cost to bribe the city to allow that in the historic district?) and in their place put up a new arts center. They already had an arts center which was just 20 years old.
It is senseless and nobody gets a better education from it.
