Tom Monaghan's plea for more money to cover rapidly escalating costs of AMU construction

This letter was originally sent out on October 20 of this year by TM to potential donors. Highlights include:

Construction costs, already up 50% since the project's inception, are poised to go up even further in the next two years, in the aftermath of the catastrophic hurricanes that have caused a new spike in demand for raw materials in our region.

This hampers our ability to take on new students as quickly as hoped. We added over 100 new students this year, and with rising construction costs, we may not be able to build as many new dorms on the new campus as we need.

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This is from the man who supposedly has the money to set AMSL for life? According to TM, they don't even have enough money to build the basic elements of AMU. Link to full letter is here.