The shame of Cooper Union

Felix Salmon:

The Cooper Union Board of Trustees today managed to snatch defeat from the jaws of victory. It was a depressing and yet entirely predictable vote, which resulted in a depressing and yet entirely predictable statement.
You might remember the tragedy of Cooper Union — the way in which a unique and irreplaceable institution was destroyed by the inflated egos of overpaid technocrats. Well, after many months of outcry and outrage, a glimpse of hope appeared in December: a detailed and hopeful 54-page Working Group Report was submitted to the board, explaining how the institution could still, amazingly continue without charging tuition. Today, the board voted on whether to adopt the report.
As Kevin Slavin explains, the stakes could hardly be higher:

If the vote goes one way, a new, lean, careful Cooper Union will tiptoe forward, tuition-free. It will require equal parts deep sacrifice, wild ambition, and straightforward pragmatism. And it will uphold a 150+ year tradition of free undergraduate education.
If it goes the other way, all of that will disappear. Not just the free tuition, but everything that was built on it. In its place we’ll find a tragic fraud. A joke. A zombie.