The gist of the statement is essentially that the current proposal is insane and a horrible deal for Rutgers, but let's talk. Obviously, you have lots of different factions at play here. Ralph Izzo on the BoG is very close to Chris Christie, but he also has to recognize how bad this deal is; but on the other hand, his loyalty is to Rutgers, not Rutgers Camden, and Izzo won't hesitate to negotiate for a better deal.
On the other hand, you have Camden professors and students who are opposed to a deal under any circumstances. To them, all I can say is that if the Rutgers BoT/BoG releases a statement that does not outright dismiss the proposal, like it or not, it's time to make preparations that your campus is going to be traded for a medical school. If the deal is right, that always has been and always will be a very easy choice for Rutgers.
Of course, this deal is not right, not even close. Rutgers needs to torpedo all of the Newark proposals, refuse to take on UMDNJ's debt, stop George Norcross from using the Rutgers name, extract additional financial concessions, and maybe even consolidate the law schools in New Brunswick. The Sweeney proposal could not possibly be a worse piece of legislation, which is why Loretta Weinberg's statement of praise, and support from other Senate Democrats like Paul Sarlo and Joe Vitale (a traitor to Middlesex County if there ever was one) are enough to induce vomit.
As for Farmer's article, the points are correct with respect to Sweeney's awful proposal. However, as to the broader idea of separating Rutgers-Camden, I don't really agree. It's clear that Norcross U would be a clown college with no academic prestige, and it would be completely devoid of funding as all resources are shifted into debt-ridden Cooper Medical School. Therefore, there is no chance that it would pose a genuine threat to Rutgers. The thing is though that this so-called university cannot be allowed to use the Rutgers name, and that Sweeney's idea to designate Rowan as the research university for South Jersey, and Rutgers as the research university for North Jersey must be eviscerated, never to return. Now and forever, Rutgers must retain its status and sole designation the state university for all of New Jersey - regardless of whether it keeps its satellite campuses in Newark and Camden or not.