It boggles the mind to think that U of C would have considered building a large, elaborate mansion on campus as a residence for the president. People are still grumbling about Elizabeth Cannon renovating the executive offices a decade ago. If it had been built, I imagine the President's House would have become a popular spot for holding student protests (especially in the late-60s/early-70s).
Edit: I'm now reading up on university presidential houses in general. How did I not know this was a thing? It seems that most Canadian universities have gotten rid of them or converted them to other uses.