The question on anyone's mind should be, "how did the administration allow this?" and/or "why did they think this was an okay thing to do?"
I won't be surprised if we see several administrative people lose their jobs over this. I'm hoping the whole university doesn't go under because of it, where everyone loses their job. That would be a terrible blow to the city. Then again, the tax bill that will result from this is going to be a pretty bad blow to everyone living in New Orleans already.