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NewsRedditFebruary 25, 2026United States

Proposed Transfer of USF Sarasota-Manatee Campus to New College of Florida

A legislative proposal is advancing that would transfer buildings, land, and $22.47 million in funds from the University of South Florida (USF) Sarasota-Manatee campus to the New College of Florida (NCF). The move has drawn opposition from faculty and community groups, while also highlighting recent compensation packages for NCF leadership.

higher educationbudgetcampus transferpublic fundinguniversity administration
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Why It Matters

Residents should care because this transfer could significantly alter the availability of specific degree programs and the allocation of public university resources in the Sarasota-Manatee region.

Key Facts

  • The proposed transfer includes USF Sarasota-Manatee buildings, land, and $22.47 million in funds.
  • New College of Florida President Richard Corcoran receives a total compensation package of nearly $1.2 million annually.
  • State law caps university president salaries from public funds at $200,000, requiring excess pay to come from foundation funds.
  • The House budget allocates an additional $36.98 million in general appropriations to New College of Florida.
  • The bill regarding the transfer advanced through a House subcommittee via a party-line vote.

Who's Mentioned

organizationNew College of Florida“Proposed recipient of USF assets and funds”organizationSave USFSM“Group opposing the campus transfer”personRichard Corcoran“President of New College of Florida”personPatricia Okker“Former president of New College of Florida”organizationUniversity of South Florida“Current operator of the Sarasota-Manatee campus”