Giving New Life to Old Facilities
Renovating or repurposing older buildings on college and university campuses is a cost-effective, sustainable, and efficient way to modernize or add program space, with the advantages of less time to completion and occupancy, fewer site planning challenges, and preservation of historic campus buildings. This approach also maximizes financial accountability and return on investment in a time of tight budgets and reduced federal funding, which requires academic institutions to depend more heavily on state support and creative funding streams, such as public/private partnerships.