Frustrated with how elite colleges are run, a group of wealthy billionaires is coming together to support a brand-new school in Texas called the University of Austin (UATX). This school, which has only 92 students, has already raised about $200 million from high-profile backers like trader Jeff Yass, real estate developer Harlan Crow, and investor Len Blavatnik.
Crow, a well-known donor to the Republican Party, was one of the first supporters of UATX. He believes many universities today overlook the achievements of Western civilization and thinks that’s a mistake. He hopes UATX will promote different viewpoints and encourage open discussions.
The University of Austin is housed in a former department store about a half-mile south of the Texas State Capitol.
UATX was founded as a response to the growing frustration with debates and unrest at prestigious universities. Many wealthy donors, including Marc Rowan and Bill Ackman, have criticized Ivy League schools for being too ...
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