Reply [to “Is the AGU headquarters bond issue really a boon?”]


  • Ned A. Ostenso


Dick Von Herzen raises two issues that affect us all: our Union's economic health and the role of a headquarters building in our financial portfolio. These issues deserve the widest possible ventilation among our total membership, and I am grateful that Dick's comments offer yet another opportunity to address them. I assume this responsibility in my capacity as chairman of the ad hoc Real Estate Committee and as the “continuity” member of the Budget and Finance Committee.

In responding, I want to make two salient points: the AGU is financially healthy and the role of the headquarters building in our asset mix is established by formal policy. By extension, the new building is derived from a series of explicit Council decisions.