Submitted by Gene Patterson on April 28, 2009 - 4:21pm
A UT Board of Trustees committee will discuss the possibility of selling the President's House at a meeting in Nashville on May 5.
The home, in Sequoyah Hills, was sold to UT back in 1960 for $60,000. At the time, it was appraised at $90,000. It's value is considerably higher today.
It's also a very expensive perk. It's annual budget for maintanance and staff is $180,000.
UT's Gina Stafford says the idea of selling the house actually came up in 2007.
