Remember that awful deal the Rancho Santiago Community College District Foundation cut with the Saudis? It was a consulting deal to help revamp two technical schools in Saudi Arabia. Why anyone would want to do business with a regime that is anti-woman and opposed to Jews is a very good question. You might also ask yourself why a college district in central Orange County would mire itself in such a deal.
The deal is already going sideways. Once valued at as much as $120 million, the contract is now worth about $22 million over three years, according to the O.C. Register. Continue reading