John Petersen

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.