THE audit report that casts doubt on whether UU can afford to complete its Belfast campus project will focus minds.
It was supposed to have been open one year already but in reality is nowhere close.
The Irish News has a front row seat, with the massive campus taking shape behind the newspaper's offices, so we can see how fast work is progressing. Or when it grinds to a halt.
The building is increasingly starting to take shape and there are about 330 workers on site, the highest number to date.
Any time UU has been asked about costs, or timescales, however, the reply has been much the same - "£250m" - until now.
This audit report shows that it will be much, much more pricey than anyone estimated.
More than £150m had already been spent by March this year.
The university remains optimistic.
It has not yet specified how it plans to plug the gap, and did not respond to questions asking if cuts to courses, students and staff were being considered.
It only said it was evaluating "the full range of funding options".
Unions have already warned that the money cannot be raised through cuts.
While UU still hopes the campus will be open in 2021, it is likely to be 2022 before all courses and students have moved from Jordanstown.
That's if the extra £110m can be found, of course.
