Einhorn, rather, spoke of Oil States International, which could divest its accommodation business and unlock substantial shareholder value.

FORBES: Connect

Jarvis said the accommodation services business was committed to its current projects, but would not take on any new construction activities.

BBC: NEWS | Business | Jarvis slides to ?246m year loss

It would have included the redevelopment of the Theatr Harlech, the development of an exhibition and conference centre, along with business units and student accommodation.

BBC: Failed Coleg Harlech planning bill hit ?450,000

Jumbo Hostel is scheduled to open for business in December 2008 and will provide accommodation for up to 85 guests.

CNN: Airplane hostel prepares for lift-off

That resistance might already be waning, though, with Kocherlakota giving a speech on Tuesday, just before the minutes were released, in which he noted disinflation could be around the corner and further policy accommodation would be helpful in that scenario. (Read Risky Business: Bernanke Fed Should Buy More MBS).

FORBES: Deeply Divided Fed As Some Raise Stop Signs While Others Push For More QE

There will also be new teaching and research facilities for the university's engineering, business and economics, maths, and computer science departments as well as student residential accommodation.

BBC: Swansea University's ?90m secures new science campus