It was a loading dock that had some work done, but the sign apparently isn’t even there anymore:
When asked if he wanted to re-space the letters of the sign to make it look good, he replied: “No, just stick it on the wall because it will look funny.”
It was done like that on purpose:
https://youtu.be/ZshMwU2-HCM?si=kISlcB2gCdQ_JAix
https://www.arch2o.com/story-behind-college-architecture-planning-sign/
It was a loading dock that had some work done, but the sign apparently isn’t even there anymore: