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NTT Faculty Detail Frustration Over University ‘real estate empire’ | The Loyola Phoenix

NTT faculty from Loyola University Chicago criticize rising campus development spending as contract talks stall.
An audit found Loyola spent over $66 million on real estate investments, rising in the past two years.
Faculty say real estate spending has nearly doubled in two years, driven by key purchases in 2023.
Union leaders claim compensation discussions have not kept pace with rising living costs in Chicago.
Enrollment declines and class sizes influence staffing, complicating negotiations.
University officials cite bargaining updates and ongoing negotiations as the official stance.
Campus development plans include Elevate Devon and west/south expansion projects.
NTT faculty describe workload and pay as major concerns amid campus growth.
Faculty advocate for investing in people rather than excessive real estate spending.
The article emphasizes that pay, workload, and job stability are central union concerns.
The Loyola Phoenix frames the story around faculty voices and the university’s financial priorities.

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