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Northern Iowan t h e u n i v e r s i t y o f n o r t h e r n i o wa’s s t u d e n t - p r o d u c e d n e w s p a p e r s i n c e 1 8 9 2

AUGUST 31, 2012

I

FRIDAY

VOLUME 109, ISSUE 3

INSIDE THIS ISSUE

FOOTBALL

Panthers looking forward to the challenge that lies ahead

In their season opener, the UNI football team will face a formidable Wisconsin team, but head coach Mark Farley never says never to anything. < See PAGE 8

MAIN STREET

Roots Market to close in September Cedar Falls’ only natural foods grocery store is closing its doors in the middle of the month because of declining sales and competition from other area businesses, according to owner Rob Pruitt. < See PAGE 5

ONLINE

STAFF

CEDAR FALLS, IOWA

I

NORTHERN-IOWAN.ORG

BUSINESS

Presidential search committee accepting nominations NI NEWS SERVICE

The Iowa Board of Regents approved the creation of the University of Northern Iowa presidential search and screen committee at their meeting on Aug. 27. T h e committee will find someone to replace ALLEN current UNI President Benjamin Allen, who recently announced he will retire before July 1, 2013. The committee will include three representatives from the public. The BOR is now seeking nominees for those representatives. Individuals can submit their names, contact information and a summary of 250 words or less of why they believe they are qualified to serve on the committee. Nominations are due Wednesday, Sept. 5, and the BOR will approve the committee at its meeting on Wednesday, Sept. 12. Nominations can be sent to Marcia Brunson, the BOR policy and operations officer, at mbruns@ iastate.edu.

COLBY CAMPBELL/Northern Iowan

MyVerona, which Peregrine Financial Group CEO Russell Wasendorf Sr. owned, closed when Wasendorf was charged with embezzlement. His company, Peregrine Financial Group, also closed.

What was the economic impact of PFG closing? CODY GRIMES News Writer

Federal embezzlement charges in July against Russell Wassendorf Sr., CEO of Peregrine Financial Group Inc. (also known as PFG or PFGBest), led to the immediate closure of PFG and MyVerona Ristorante Italiano, a Cedar Falls restaurant owned by Wasendorf. The chain of events left more than 200 people without work. According to a press release from the Greater Cedar Valley Alliance and Chamber, when PFG relocated to Cedar Falls from Chicago, the chamber and the

entrepreneurial and financial studies at the University of Northern Iowa calculated that PFG’s economic impact would be approximately $125 million per year. According to an October 2009 press release from the UNI Foundation, Wasendorf and his wife Connie gave a $2 million unrestricted donation to the athletic fund. Until then, an unrestricted donation of that size had never been given to the university. “I am simply paying back, with interest, the financial aid I received while attending UNI. I feel, without that financial aid, I would not have received a quality college education,” Wasendorf,

a 1970 alumnus, said in the press release. PFG approached UNI Career Services and other departments on campus when they were beginning to move to Cedar Falls in 2009, according to Laura Wilson, assistant director of UNI Career Services. Career Services placed students in internship positions in the areas of finance, computer science, marketing and education at PFG’s Cedar Falls location, Wilson said. However, Wilson said “PFG was not hiring so many students that it would be necessary” to replace < See PFG, page 3

DOR

Construction on Redeker Center begins JONATHAN HAUSLER Staff Writer

SLIDESHOW See photos from the Wesley Block party last Sunday. < visit northern-iowan.org

INDEX I SPY AT UNI......................2 OPINION............................4 CAMPUS LIFE....................5 SPORTS.............................8 GAMES............................10 CLASSIFIEDS...................11

Expansion of the University of Northern Iowa’s Redeker Center, which was approved in February, began last week. With the opening of Panther Village, the increase of students living on the south side of campus created a need for more space in the building. According to the Department of Residence’s website, the expansion will include the creation of a new student lounge and

more study spots. It will also include two-story additions on the north, east and west sides of the building, which will add more space in Piazza, Biscotti’s and Fresh Beginnings. The project is expected to be finished in August of 2013. Due to the construction, the south ground-level entrance to Redeker Center is not accessible, but students and guests can enter through the north groundlevel entrance. All skywalks < See CONSTRUCTION, page 2

MATT FININ/Northern Iowan

The expansion of the University of Northern Iowa Redeker Center began last week. The parking lots directly adjacent to Redeker are closed due to construction.


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