AUSTIN – University of Texas System Chancellor William H. McRaven announced today that he is ceasing any additional efforts to launch a UT project on land it purchased in Houston last year. McRaven’s decision was based on his concerns that the project was overshadowing the extraordinary work under way on the 14 campuses of the UT System and he did not wish to do anything that could detract from the advancement of UT institutions and their presidents’ visions. Consequently he advised the Board of Regents that any further efforts on the Houston project would be stopped immediately.
“I accept full responsibility for the lack of progress on this initiative. I am grateful to the Regents, my System staff and the university presidents for their engagement over the last year,” McRaven said in a memo to Regents’ Chairman Paul Foster.
“I also offer my deepest apology to those members of the Houston Task Force who selflessly dedicated countless hours to develop a bold vision for the future of UT’s investment in Houston. I am incredibly appreciative for their support and friendship throughout this process. While we will not implement this plan in Houston, I am confident that some of the great ideas that emerged from the Task Force will be worth considering on other UT campuses,” McRaven added.
McRaven also recommended to the Board of Regents that the UT System real estate office develop a plan to divest the System of the land. Noting that it will take time, McRaven emphasized that the plan will be executed in a manner that protects the System’s investment in the property.
McRaven thanked the regents for their support and expressed his enthusiasm for working with them on many opportunities ahead.
McRaven will hold a media availability at 4 p.m. today on the 9th floor of Ashbel Smith Hall, 201. W. 7th Street. Parking for news media is available through the guard kiosk on Colorado Street between 6th and 7th streets. Media not able to attend may call in at 1-877-226-9790 and enter participant code: 9447524.