Academic Services Committee
January 30, 2006
Members Present: Robert Braga (CHEM), Carol Colatrella (LCC), Jeffrey Donnell (ME), Jim Sowell (PHYS)(Chair), Myrtle Turner (GTRI), Jane Weyant (CoE).
Members Absent: Bobby Beaulieu (SGA), Joseph Hoey (OARS), Maureen Kilroy (Grad Office), Nancey Green Leigh (CRP).
Visitors: Rosalind Meyers, Associate Vice Provost for Auxiliary Services,
Jerry Maloney, Director of the Georgia Tech Bookstore
1. The meeting came to order at 1:05 p.m. on January 30, 2006 in the Cypress Room of the Student Center Commons.
2. Rosalind Meyers opened the discussion by giving a brief overview of the development of Tech Square since it opened. She made the following points:
· Trolley ridership is growing, and its on time performance is improving. Because the trolley stops at the MARTA station, it offers good access to the campus.
· Sales at Starbucks are increasing by double digits, and are approaching $1M per year.
· Burdell’s, the small store in the Student Center Commons continues to do good business, considering its small niche.
· Business in the Bookstore’s Technical Reference section is also growing, if slowly.
· Food sales at the Commons have increased.
3. Jerry Maloney described the Bookstore’s efforts to keep textbook prices low by:
· Encouraging faculty to notify the Bookstore of textbook adoption as early as possible,
· Encouraging students to sell back their used books,
· Increasing sales of used textbooks.
4. Jerry Maloney pointed out that the Georgia Tech bookstore’s gross margin on textbooks is fixed at 20%, which is well below the national average of 25% to 30%. Further, the bookstore returns 10% to 11% of total sales to GT in support of the academic mission of the Institute.
5. Responding to questions, Rosaline Meyers made these further observations:
· Auxiliary Services units—parking, housing, dining, and the like—must take on debt to construct new facilities, and they must pay for that debt. By law, these services cannot be paid for from the Institute’s budget.
· The shops and restaurants at Tech Square are not overseen by Auxiliary Services. Auxiliary Services acts as a landlord for these businesses, charging rent by the square foot.
· While the evidence is anecdotal, there is some indication that Atlantans are visiting Tech Square more frequently. To encourage this, hotel parking is set to be inexpensive.
6. The next meeting of the Academic Services Committee will take place on Thursday, March 2, 2006 at 11:00 a.m.
7. The meeting was adjourned at 2:05 p.m.
Jeffrey Donnell, Secretary