The University of Wisconsin-Oshkosh Foundation bought Chancellor Richard Wells’ home for roughly $120,000 more than it arguably was worth before he retired — the same foundation he’s accused of illegally using to help cement his legacy.
In addition to that windfall, Wells saved roughly $27,000 in Realtor commission because the sprawling, classic midcentury modern ranch house with brick privacy walls never went on the market.The chancellor continued to live in the house about a half mile from campus rent-free per a standard contract until he moved to Florida 20 months after the sale. After he left, the foundation sank another $62,000 into the 3,247-square-foot home on top of the $450,000 sale price. They updated the kitchen, added a half-bath and coat room, resolved serious water drainage issues and made extensive repairs, including replacing two bulging concrete patios, according to UW-Oshkosh records obtained by the Milwaukee Journal Sentinel through an open records request.
Owen
Everything but tech support.
And yet whenever we hear of any cutbacks to education, it’s as if the mean Republicans are taking the last bites of food out of the mouths of babies or something.