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Cleveland State Sells President's Home Amid $150M Shortfall

6/3/2025

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Summary

Story summary

Cleveland State University is making a bold move by selling its president's residence, a decision that will save the institution over $145,000 each year amidst a staggering $150 million budget shortfall. As enrollment dwindles and cuts ripple through Ohio colleges, President Laura Bloomberg will transition to a housing allowance after buying her own home, while also enjoying a performance bonus and salary hike.

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Story summary

Cleveland State University is making a bold move by selling its president's residence, a decision that will save the institution over $145,000 each year amidst a staggering $150 million budget shortfall. As enrollment dwindles and cuts ripple through Ohio colleges, President Laura Bloomberg will transition to a housing allowance after buying her own home, while also enjoying a performance bonus and salary hike.