Briefly: Princeton calls for capital plan cuts

Princeton will cut $300 million from its nearly $4 billion capital plan over the next 10 years, the university said in a Nov. 24 announcement. No projects are being eliminated, but some — including the construction of an art storage facility and new faculty and staff apartments — are being scaled back or pushed back beyond 2016. “The University is making prudent adjustments at this point, recognizing that further changes may become necessary later when we have a fuller understanding of general economic conditions,” Princeton Executive Vice President Mark Burstein said in a statement. Yale University President Richard Levin will issue formal budget guidelines later this month.

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