you are right that these supposed financial troubles might be hearsay. However, saying a school is doing well financially because they build new buildings is false logic. The majority of the time new structures are built, they are paid for by large donations. When people give large donations, they decide where that money goes, it's not up to the school to decide where to allocate those resources. It's very common to have faculty layoffs and financial troubles with new buildings being built. Donors decide how their money should be spent, and schools are generally not in the habit of asking donors to consider using the money in other ways... just food for thought.