October 14, 2008
Posted by yaman
Is Panda Express a Bailout Plan for the ASUC Auxiliary?
The cartoon above by Gretchen Faust in the Daily Cal pretty much sums up what it means to have a Panda Express on campus. First, it literally doesn’t fit. Second, it’s an ominous threat to the independent small businesses in the space. And Third, despite the way some people have been waxing philosophical about free choice in food choice, this is a financial issue, not a philosophical one. Panda has nothing to offer but money. And the problem is, not even that much is certain.
My op-ed in the Daily Cal today addresses the last issue, showing how the supposed financial need for Panda is actually based on an increase in Auxiliary spending. The Auxiliary is a part of the University administration whose expenses the ASUC must pay for with profits from commercial services. This year, the Auxiliary’s spending will go up almost $300,000. According to members of the Store Operations Board, Panda Express’ revenues to the ASUC will probably only be within that range, if not less. That means that the sum gain for student organizations and the ASUC is $0, and that Panda revenues may go exclusively towards covering rising Auxiliary spending, even while changing the landscape of our campus. A bailout plan for the Auxiliary.
Check out the op-ed here:
While many students have been quick to rally either for or against the Panda Express chain on campus, something that has been left out of the conversation is an explanation of the financial circumstances that are being used to explain the necessity of the chain’s presence. What members of the Store Operations Board, some ASUC Senators and the ASUC Auxiliary have been saying is that the ASUC will go into deficit within a year if we do not find a new source of revenue. But the unanswered question is, how did the ASUC end up in this position?















