THE The tie that binds Wilfrid Laurier University since 1926 Volume 52, Issue 29
In Depth, page 12 thecord.ca
Wednesday, March 28, 2012
Hefty price for expansion JUSTIN SMIRLIES CAMPUS NEWS EDITOR
Wilfrid Laurier University is expanding its boundaries. And it’s not cheap. In a deal made on Thursday, the university conducted a $58.9 million acquisition of ten apartment buildings on Ezra, with two additional buildings on Bricker and Hickory. “We’re landlocked,” said Jim Butler, vice-president of finance at Laurier, adding that the university will have to take out a loan to pay off the properties. “It’s right on our perimeter, it represented a good opportunity to do land banking.” Though Butler stated that a loan is required, the buildings themselves will create revenue for the university and that will essentially pay off the loan itself. “It carries itself,” continued Butler. “I mean we’re borrowing the money to acquire the properties which generates revenues that pay the loan.” For the time being and the near future, the student apartments – which were predominately managed by Studenthouses.ca – will continue to act as student apartments for upper year students at Laurier. However, according to David McMurray, vice-president of student affairs, these new buildings will not be first-year student residences – at least not any time soon. “We have no intention of putting first-year students in those buildings, the only exception for that would be if there were vacancies and we had more [first-year] students than what’ve had beds for,” explained McMurray, noting that they would lease the buildings as residences like the currently do for a few student residences. Even though the university has accumulated some debt in the past, Campus, page 5
Music week, home and away Arts, pages 16 - 17
CLOCKWISE FROM TOP LEFT: KATE TURNER INCOMING PHOTO MANAGER, MIRIAM SMIT STAFF PHOTOGRAPHER, CRISTINA RUCCHETTA INCOMING LEAD PHOTOG
Country superstar Dean Brody plays at Wilf’s, Dragonette entertains Starlight and The Pack a.d. wow at Canadian Music Week in Toronto
Sustainability up to the students KATIE FLOOD LIFE MANAGING EDITOR
Since their grand opening in Jan. 2012, Menchie’s has been exceptionally popular despite not having onsite recycling bins, particularly for their signature plastic spoon. Sustainable Waterloo Region’s executive director Mike Morrice suggested that it’s the customers who play one of the biggest roles in driving a business to becoming more
sustainable. “To the extent that the customer base shows and exhibits a concern around sustainability, the business will respond to that,” said Morrice. According to Menchie’s owner Drew Eizenga, Waterloo customers have yet to complain. “The only feedback that I get once in a while is, ‘Drew there’s Menchie’s cups all over the front of Menchie’s, what are you going to do about that?’” explained Eizenga.
Inside Best bite for your buck Where can you find the best bargain deals across Waterloo Region restaurants and eateries? Life, page 15
Brewing to save World Water Day encourages breweries to support water saving initiatives National, page 9
TEDx Waterloo Intellectuals and academics return to K-W to spread ideas through the popular lecture series Local, page 7
“Other than that, I haven’t heard much about recycling.” With no options for cones, and only a garbage bin available within the store, plastic spoons have been thrown out since the store’s opening. “We do need to have recycling bins for the spoons, it’s a lot of plastic that’s just thrown out that can be recycled,” said Eizenga who recently approached his landlord about the issue.
Eizenga received a response to his concern, informing him that there is not enough space to put recycling bins in the plaza for Menchie’s. “The funny thing about leasing a building is I can’t make any decisions outside of my store,” said Eizinga. The management group PM365 ⎯ the company that supervises Life, page 14