In the future (hopefully very distant future), what does Michigan do to honor Harbaugh?

The Harbaugh Campus.

All street entrances get overhanging signs with "Who's Got It Better Than Us?" with speakers continuously blasting "For He's a Jolly Good Fellow".

The Jim Harbaugh vast network of advanced scouting. This would be the official name of the department for all the coaches who serve as analysts. LFG! 

This is correct. Take down the statue, and rename the hall.

Harbaugh Hall, Crisler Center, Yost Yicefield, etc.

Sorry he has to stay for that and despite all the negative talk from mgoblog fans far too many former players still admire Bo and vocalize it. One of those former players is Jim Harbaugh.

History repeatedly teaches us the lesson that building statues to “great” men is doesn’t always age well. Men are highly fallible and the past sometimes renders a verdict very far in the future. Forget the statue. Something with a light touch like naming a hall or a field is a little less risky IMHO.

Yes, when Jim is gone (be it next week, next year, or next decade) there needs to be a serious effort to de-Schembechlerize the program with Harbaugh in his place. Replace the Bo quotes with "who's got it better than us?" and "an enthusiasm unknown to mankind", rename the building Harbaugh Hall. I'm torn on the statue because I almost think it should be moved to the UMMA and recontextualized in a way that honors the victims, but tearing it down would suffice. 

This would also alter things so the only coaches with pieces of infrastructure named after them are ones who won national titles (Yost, Crisler, Kipke, Oosterbaan, Carr, Harbaugh) which is also what, say, Alabama does

Harbaugh Hall is a pretty storng name

Strongly disagree. Crisler was a dump before the renovations. 

I'm still wondering if the university is going to follow through on the recommendation to rename Yost... it feels like a lot of schools set up committees on monuments after the BLM summer and then quietly mothballed the suggestions 

If Paterno taught us anything, it's that you don't name/build shit for living people
 

Living or dead. What difference would it had made if Joe Pa had died before it was named? 

Many men have taught us this lesson. We need a baseball hall of fame type rule... No bronze until 5 years after retirement (from earth)

Disagree.  Great and morally good people ARE among us, and that combination should be celebrated.  It can inspire folks to higher aspirations.  And these sort of decisions (Hall of Fame inductions, naming things, building statues, etc) are all reversible.

Reversing a decision does require people and society to admit when they were wrong.  Which - yes - many of us are not very good at admitting that, and society as a whole seems to be getting worse at that.

There is a solution to this

Put up a gated and inaccessible black and silver jungle gym in a corner of the concourse with a gilded sign reading "Oakland."

Will be in bronze... obviously.

I'm thinking Har-burgers at the stadium.