Some one is going to lose a lot of money - probably more students.
The danger words -
Unique (means we dont have a clue whether this will work),
Premier (means third rate at best),
World class ( third world),
Centre of excellence (mediocrity guaranteed),
Nothing like this project...... (we had to disguise it this way to kid ourselves and the mugs who might fund this).
The only way to make a small fortune in aviation, is to start off with a large fortune. Better still start off with someone elses money as well.