Maroon

              THE LOYOLA MAROON VOLUME 69, NO. 20 LOYOLA UNIVERSITY, NEW ORLEANS, LOUISIANA 70118 March 22, 1991 Bookstore renovations delayed By Amy Young and Charles Lussier Staff writers Due to "variables, mostly financial," Loyola has once again postponed its longawaited renovation of the Loyola University Bookstore, VincentKnipfing.vicepresident for Student Affairs, said in a written statement. He said he withdrew his request to renovate the bookstore Tuesday, just days after the Rev. James C. Carter S J., university president, gave his approval of the measure. "I have informed Father Carter that I can not, at this time, support the renovation of the bookstore in a store operated under university management," according to Knipfing's statement. "Since there is a need to generate an additional amount of money each year for approximately eight and one-half years to pay for the cost of the renovation, over and above the normal financial goal for the bookstore, I am not confident that we can meet that goal starting next year," Knipfing said in the statement. Knipfing said at the Feb. 7 University Senate meeting that the bookstore makes approximately eightpercentproflt per year. He said the $350,000 loan needed to pay for the renovation would have to be paid for by profits made from above this percentage. Plans to renovate the Loyola bookstore during the summer of 1990wereabandoned when administrators found that there was not enough time to complete the renovations before the Fall, Mary Grey Hardwick, bookstore manager said in September. "It was a real morale buster at the bookstore. We were prepared. We were all boxed up when, almost at the last moment, we decided that it couldn't be done," she said at the time. Knipfing said Carter is still deciding whether to approve leasing the bookstore to anoutsidecompany. If Carter does so within the next month, Knipfing said, the renovation will resume. He said at the meeting that the renovation must start before the end of February. With March half over, Hardwick said she hopes a decision is made before the end of this semester, so that renovation of the bookstore can begin. "I wish wecouldstart renovating today," Hardwick said. "We need to start soon for inventory reasons, and so students won't be inconvenienced when trying to buy books in the fall." Loyola originally considered leasing the company to one of two companies, Folleu College Stores and Barnes & Noble, but now "there is only one company which is under consideration, " Carter said. Carter said Knipfing chose the company, but he refused to identify which company is still under consideration. "I would like the company to come and speak to our faculty, not a meeting, but to speak to some of the faculty about the concerns [that they have]," Carter said. The company has agreed from the beginning, Knipfing said, to come at their expense and discuss any concerns of the expense and discuss any concerns of the faculty, but they do not know yet of the present request. "The two major concerns of the faculty are treatment of employees and quality of service, and I think that if we really have those concerns, I don't think we should go with an outside contractor," Carter said. "The company wants to make its case To fee or not to fee —Victor Heriken, accounting junior, votes Wednesday on the Student Government Association's sports referendum, in which students chose whether or not to approve an additional fee for intercollegiate athletics. The results of the referendum will be posted Friday morning on the SGA's .bulletin board in the Danna Center. If approved, the SGA will recommend to the Loyola Board of Trustees that a student athletic fee of $15, for each full-time student, and $10, for each part-time student per semestertofund teams affiliated with the National Association of Intercollegiate Athletics. /Photo by Charles Baker and I cannot see why they cannot deal directly with concerned faculty on these two questions," he said. The Board of Trustees gave Loyola permission to renovate the bookstore in March 1990, Hardwick said, but construction is on hold pending Carter's approval of the leasing. LU officials release top salary figures By Courtney Sullivan News Editor Loyola complied with federal law last week, making available all information supplied to the government when applying for tax exempt status in 1986, 1987 and 1988. Althoughadministratorsobscured salary information in forms supplied to The Maroon March 5, an exact copy of the Internal Revenue Service forms were released March 11. In addition to some information about Loyola spending, the forms include a list of compensation for the Loyola Board of Trustees, a list of the five highest-paid Loyola employees and a list of the five highest-paid organizations. The Budget Reconciliation Act of 1987 requires tax exempt institutions like Loyola to make this information available to anyone who requests it Specifically, exact copies of Form 990s filed with the IRS after 1986 must be available in the principal office at tax exempt institutions. The forms show: • As university president, the Rev. James C. Carter S.J. collected $88,924 in compensation for the 1988-89 fiscal year. He received $90,000 in both 1987-88, and 1986-87. • The Rev. George F. Lundy S.J., senior vice president and dean of Faculties, earned $53,000 during the 1986-87 year, and $62,000 in 1987-88. He is not listed on the Form 990 for the 1988-89 fiscal year. • During the fiscal year 1988-89, the Rev. Thomas H. Clancy SJ., then vice president for Broadcasting and secretary/ treasurer of the Board, received $53,167. During the 1986-87 and 1987-88 fiscal years, he earned $55,000. Because no members of the Board are paid for their services as Trustees, the See Bookstore/page 5 See Bookstore/page 5 gdh I There win be no Maroon for (he next two weeks due to the Easter holidays. The Maroon will resume publication April 12. gdcgdn