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The answer could be to increase the percentage of out-of-state students since they pay full fare without state subsidies.
The entrance requirements for out-of-state students in terms of ACT scores and GPA are much higher than for in-state students. UT should make the entrance requirements the same and slowly boost the total of out-of-state students by percentage to raise more revenue.
The University of Iowa currently has a student body that is some 40% out-of-state students paying full fare.
Summer Place is also shown in the 1903 Sanborn Fire Insurance Maps of Knoxville (for sale at the East Tennessee History Museum) as being between Spruce and Oxford and east of Locust.
My favorite street names though are Peed Alley or Possumtrot Alley, both just blocks away from Summer Place according to the same set of Sanborn maps.