University Observer Volume XIX Issue I

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University Observer

OpEd: Darragh Doyle Community Manager at World Irish V O L U M E

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Freshers’ Supplement

W W W . U N I V E R S I T Y O B S E R V E R . I E

Government reverse decision on Sutherland School of Law cuts by yvanne KenneDy · SenIOr rePOrter

the UCD Sutherland School of law, which is currently under construction, was saved from a cut in Government financing. though a scale-back in exchequer funding was announced in november and a number of other UCD projects have been put on hold as a result, the Sutherland School building is proceeding as expected. a UCD spokesperson said that State’s committment to the project remained in place “because the law School contract and fundraising campaign were at such an advanced stage.” the pre-Christmas announcement had been a disappointment for the University and would have been a large setback for the law School development. the european Investment bank (eIb) pledged part of a €90 million investment in UCD to the School soon after the feared cut from the Government and when ground was broken on the site. back in april, UCD President, Dr hugh brady remarked that the agreement with the eIb would be extremely advantageous for UCD in strengthening its position in the european university rankings. at the time, eIb vice-President for Ireland, Plutarchos Sakellaris, stated that the reason behind the eIb providing the funding was that “the european Investment bank is committed to ensuring that world class education and research facilities can help future generations contribute to the european knowledge economy”. the University has championed the building of the newest faculty building which will see law students converge on a single space adjacent to the Quinn School of business and will bring them closer to the heart of campus. this is in line with the University’s hope “to make the campus more compact, concentrating related activities, and separating academic and leisure functions.” the proximity to the main campus will be of great benefit to those students who study law with another subject such as business or history and will bring all students together under one roof, for all legal classes, for the fi rst time. Dean of law, Professor Colin Scott is confident that his faculty will be “fully operational in the new building by September 2013” but says that “as with all building projects there remain potential causes of delay.” the building is scheduled for completion in mid-2013. UCD alumnus Peter Sutherland donated a part of the funding required for the project, which is expected to stand at 5,100 square metres and house both undergraduate as well as postgraduate UCD law students. the building will include a clinical legal education centre, lecture and tutorial rooms, PhD spaces, and a boardroom, as well as social spaces.

The UCD Student Club has been closed since it ceased trading on June 15th 2012. The opening of the new UCD Clubhouse bar, at the site of the Forum bar,has been delayed until the New Year. Photographer: Aoife Valentine

UCDSU owed “in excess of €120,000” by Student Club by aOIFe valentIne · DePUty eDItOr

the President of the Students’ Union rachel breslin, has revealed that the recently closed Student Club owes the Union over €120,000. this comes in response to a claim in the Sunday Independent that UCD Students’ Union owes the Student Club “a massive €90,000”, allegedly in unpaid bar tabs. When questioned about this, breslin stated: “From the draft balance sheet that I have seen that is about to go to the auditors, there is a liability owed to UCDSU, so money owed to UCDSU in excess of €120,000 and no mention of moneys owed to the bar. Perhaps this is the case because all I have seen is our management accounts but if that is so, then it’s

certainly offset by the money owed to UCDSU.” breslin blamed financial mismanagement of both institutions as the reason this debt arose for the bar: “I think that the money came from the relationship, in terms of the nature of the accounting practices that were happening and when the accounts on the bar are finalised and published, I think it will become clear to all of us what was happening and why that debt arose.” the accounts are awaiting finalisation, a process which will only be complete once the Student Club Committee formally adopt the accounts presented to them by Mcnally business Services at the bar’s aGM, which is due to take place this week.

breslin was critical of past Students’ Union teams for allowing bar tab practices to emerge over the years, stating: “I would never in a million years condone a bar tab. I don’t think it is in any way an acceptable practice for the Students’ Union to have, whether that is as a result of class rep tokens and drink tokens but… I think the days of bar tabs are certainly over. there’s no justification for doing that.” With the Student Club closed and its committee considering disbanding, it is unlikely that the bar will reopen again this year, however breslin said: “It’s a grim situation and it’s something that is on the top of our agenda every day in trying to figure out a plan to get the bar open, how to make it viable, and so it is something

we’re very much aware of and we’re trying to do everything we can to get a bar.” the situation for the SU worsened last week when the contractors for the new UCD Clubhouse bar, noel thompson builders, were deemed insolvent and construction on the bar halted entirely, pending a creditors meeting where it is likely a liquidator will be appointed. UCD Student Centre Manager and Project Co-ordinator Dominic O’Keeffe said: “regarding the builder of the bar, it was disappointing to hear that news. It will in my estimation push the opening date back to the new year. I will be more accurate when the buildings Office concludes their work on the building contract.”

UCDSU await confirmation of €1.1m loan by aOIFe valentIne · DePUty eDItOr

UCD Students’ Union are awaiting confirmation of a €1.1 million loan to refinance the Union’s €1.4 million debt. they submitted their business Plan to a number of financial institutions in June, and “one of them is coming very close to accepting it.” UCDSU President rachel breslin says there is nothing more the Union can do to speed up the lending process. “Once you submit something, you’re on their timescales then. We keep doing our best to try and ask what’s going on or if we need to submit any more information, but we’re hopeful. It’s moving faster over the last few weeks but from our side of the process, it’s done. We’ve sub-

mitted it, we’ve answered any questions, but it comes down to the other party.” the Union is currently trading “in the traditional fashion”, and with the assistance of Mcnally business Service ltd are preparing cash f lows “to ensure that we are trading in the correct manner and doing everything the way it should be.” though they have applied for a €1.1 million loan, breslin states that: “It is not our intention to draw out the full amount of that loan just yet. Some of the money was towards capital investment in our shops so that’s not the extent of what we need, but that’s the amount we sought in order to fully enact the business plan that

we are projecting over the next five years.” the SU’s two main shops, under the library and in the student centre, have been making annual losses of “over tens of thousands”. two commercial managers have been hired for the first semester to “bring in new management practices, new training practices, new work structures, rosters and opening hours.” at the end of term, the SU plan to reassess the financial situation in the shops and the best options for their operation in the long-term. breslin is confident that a loan can be secured, however if the financial institution in question reject their business Plan, she plans

to seek alternative refinancing options. “If we do not get a loan, perhaps we try and expand, we cast our net out wider and apply to other [institutions]. by essence of a loan, that is your least preferred option but it’s the one we had to take because our situation is so severe. If that does happen, we look and ask what situation made us so unviable, because we are a trading entity. a limited company that has a guaranteed income stream from student contribution every year, that isn’t accepted for refinancing, while also having shops on a campus of 25 thousand students is a very worrying thing indeed.”


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