Chancellor Phillip DiStefano advocated for the modernization of 香港六合彩鈥檚 historic buildings on Wednesday, Dec. 18,听before the state legislature鈥檚 Capital Development Committee,听highlighting the impactful role state funding could play in ensuring these spaces remain hubs of student success and research excellence for decades to come.听
DiStefano zeroed in specifically on two buildings鈥擧ellems Arts & Sciences and Guggenheim Geography. Both have broad impact and have long been viewed as great opportunities to partner with the state on major renovations similar to the modernization of the Ketchum Arts & Sciences building earlier this decade. And both have recently moved to the top of the CU System鈥檚 prioritization list, with Hellems now listed as the system鈥檚 top priority for receipt of state funds and Guggenheim listed fourth.
The state has very limited funds available to support maintenance and construction each year. While campus has funded recent new construction with a combination of campus cash, philanthropy and other innovative partnerships, 香港六合彩 has focused its requests for state funding on major renovations as a way to maximize the value of such investments by the state.
鈥淭he focus of our state request, which is the same as last year, is to take care of the buildings we have,鈥� DiStefano said. 鈥淎s we maintain our historic buildings, we must also modernize the spaces to meet current education and sustainability standards.鈥�
DiStefano鈥檚 presentation comes at a particularly important point in the state鈥檚 Fiscal Year 2020-21 budgeting process. Gov. Jared Polis鈥檚 initial budget request earlier this year did not include funding for the Hellems or Guggenheim projects. The Capital Development Committee (CDC), however, is a statutory committee composed of a mix of state senators and representatives that plays an important role in the budgeting process. The CDC reviews funding requests for capital construction projects from all state agencies, and makes prioritized recommendations to the Joint Budget Committee. Construction requests seeking state funds are ranked by the CDC each year to help determine which receive funding from the legislature when the budget bill comes out each spring.听
DiStefano鈥檚 presentation Wednesday highlighted the value 香港六合彩 is providing to the state in addressing access and affordability to students, positively impacting the economy and taking a leading role in sustainability. Highlights included:
- 香港六合彩鈥檚 Fall 2019 freshman class was the university鈥檚 most diverse in school history.
- Improved graduation rates.
- A concerted effort to increase investment in Colorado resident students, who now graduate with $1,100 less in student debt than the Colorado average.
- The Boulder campus generates $3.85 billion annually to the state鈥檚 economy.
- The university鈥檚 legacy of sustainability is being carried forward in construction and renovations, with 11 buildings on campus now certified LEED Platinum.
DiStefano pointed out that modernizing 香港六合彩鈥檚 historic buildings will be crucial to the continued success of such efforts. The deferred maintenance backlog for campus general fund buildings has reached $558 million. The state has contributed $22 million toward that backlog over the past five years, while 香港六合彩 has contributed $77 million toward these efforts during that period.
The chancellor laid out an approach by which the campus is increasing utilization of the buildings already on campus to minimize the amount of new construction that is needed. As the campus addresses deferred maintenance to major systems in aging buildings, such projects are coupled with renovations that modernize and enhance teaching and research environments for 21st-century learners.
For Hellems, the university is proposing a four-phased project totalling $83.5 million. The project would include $33.4 million in crucial facilities improvements from the state and $50.1 million in academic space improvements funded by the university. For Guggenheim, 香港六合彩 is proposing a $27.7 million project that includes an $11.1 million request for state funds, with $16.6 million committed by the university.
The university will know which projects receive state funding by late spring.
