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It sounds to me as if the University is reacting more or less as if the car had crashed into a dormitory, find new housing for the students, the building gets fixed on the University nickel (or more likely their insurance) and let the Building inspectors be what determines how fast students get back into their rooms rather than the Lawyers.
My expectation is that 4 months from now, it will be the centerpiece of the chapter's yearbook, but nothing else beyond that.
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Because "undergrads, please abandon your national policies and make something up" will end well  --KnightShadow
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