I would be surprised if much of that funding went to constructing those fancy buildings - donors who want their name over the door like to do that. Keeping the lights on, air heated/conditioned, stockrooms stocked, etc don't come cheap. Let's also remember that the government doesn't _just_ get all the research output from that grant money, they get a pipeline of researchers (and undergraduates) that feed industry (plus world class research facilities that can do more research, beyond what the government directly funds). And that's a large part of what has made the US so economically successful, and such a desirable place for people to learn and work.(Also professors and post docs in many areas can make a lot more in industry, so let's not knock them too much if a university wants to look at least a little attractive to them)
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