So you're tellig me it's administrative costs to file paperwork. The campuses I have seen of late all have lots of new construction. That has to be expensive too. Cheaper to build anew than to rennovate?
Most campuses do both. The local one I'm near has rebuilt a half dozen buildings and built about half dozen in the last decade. There are still buildings that date back to the 40s, and residence halls that date back to the 20's, so it's not like it's a shiny new campus or anything. Is it cheaper to build anew? I bet the answer is, "It depends."