Such a brick and mortar facility would be very costly to create. Then there would be the problem of obtaining trained faculty and paying them for their services. What sort of a curriculum would your offer? Would you be accredited? (And that takes years). Would you have academic requirements of your students? What sort of tuition would you charge?
This would be a tremendous and expensive project and I doubt that the Pagan and magical community is prepared to support such an effort.
Even on-line universities such as Cherry Hill Seminary with whom I work as an instructor is constantly having to ask for donations to help support their work. We have been around for years now and do not yet have enuogh graducates to meet the requirements for national accreditation. It's a rough journey to get this done.