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J. Donald Monan, S.J. becomes president on September 5, 1972. BC stands approximately $30 million in debt, endowment is an anemic $6 million, and an air of panic pervades the campus. The previous year, faculty and staff salaries had been frozen as an economy measure.
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Long-Range Fiscal Planning Committee is appointed by Fr. Monan. Its charge is to plan BC finances over five years and to balance the budget in one year.
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The University enrolls 11,787 students: 8,486 undergraduates and 3,301 graduate students.
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Student Recreation Complex opens, providing extensive sports facilities for students. Seven years later the RecPlex will be named for long-time Athletics Association director William J. Flynn '39.
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