Re: Commercial College/University stations
Twenty years from now it's questionable that AM/FM will still be viable transmission mediums, period. Anything longer than that is not worth pontificating on because it's impossible to guess what game-changing factors will appear.
Even so, I'd wager that college stations will be among the last to "give up the ghost" as they are, generally speaking, the most disassociated between their operations and their funding.
Anyways, WMBR has both studio and transmitter facilities on-campus. WHRB has studio facilities, and a backup transmitter, on campus...but their main transmitter is on a skyscraper downtown. WVBR is completely off-campus. Make of all that what you will.
Then again, it's entirely possible that you've got a point. I think of WESU, which was independently-owned but nobody remembered to file the paperwork to keep the business entity that held the license "alive" as far as the state of Connecticut was concerned. The FCC was prepared to immediately kill the license (since it was, legally, licensed to something that didn't legally exist) but the president of Wesleyan stepped in and offered to take direct control of the license and promised this wouldn't happen again. The fact that the president at the time was Doug Bennett...former head of NPR...probably went a long way to giving the FCC cause to take him at his word. FWIW, WESU had both studios and their transmitter on campus, too.
Now I give Bennett a lot of credit here. He could've just let the station die, or save it only to sell it. But the point stands: the WESU alumni community was neither able nor willing to step up and solve the problem.