I agree with what you're saying, post-secondary institutions as an umbrella approach are becoming outdated, especially as learning is now becoming rapidly decentralized, compartmentalized, and on a "as-you-need-it" basis instead of a rigid schedule.
That being said, one thing the physical location of them do well is bring people together in a social setting - this is where project collaboration is critical; basically any reason to haul your ass to the physical university location should be to do project work with humans, not sit and hear a non-video video lecture. People of all creeds NEED to learn how to work together; building human-to-human social skills is something no amount of robotic AI will ever replicate in its truest form.
People talk about reducing teacher's salaries and such, but really, a good teach is more than worth their coin - it is the distribution method that needs a dramatic overhaul.
I would wager to say that a University could convert a downtown Calgary office tower into a collaborative workshare space, and do away with sprawling campuses, sporting venues aside.
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