Cornell College in Mount Vernon, Iowa has partnered with Johnson Controls on a $5.9 million infrastructure improvement plan to rectify the campus’ aging infrastructure and significantly reduce operations and maintenance costs.
As part of the plan, the college’s original two buildings, College Hall (1857) and Old Sea (1853), have recently received over 150 new energy-efficient windows; high-efficiency boilers were installed to remove the final eight buildings from the campus steam plant; and nearly every campus building was upgraded with LED lighting.
The agreement with Johnson Controls guarantees that infrastructure upgrades will produce savings that repay the company for project costs over time, which does not require any traditional loans. Instead, Cornell pays Johnson Controls based on measured and verified results through a funding structure known as contingent payment funding. As a result, the infrastructure improvements do not impact any of the college’s existing debt covenants or obligations.
The campus is expected to reduce its energy usage by 20% thanks to the renovations.
Related Stories
University Buildings | Jul 23, 2020
Two eight-story residential towers and a dining commons complete on Cal Poly Pomona’s campus
HMC Architects designed the project.
University Buildings | Jul 15, 2020
New Cal Poly Research and Innovation Center includes features for a COVID-19 world
ZGF Architects is designing the building.
University Buildings | Jun 3, 2020
Renovation can turn older university buildings into high-performing labs
David Miller of BSALifeStructures offers technical advice on renovation of college and university laboratories and scientific research facilities.
University Buildings | Jun 2, 2020
COVID-19 and teaching the next generation of nurses
COVID-19 hasn’t just upended healthcare delivery, the workplace, and all levels of education – the economic toll is still being realized – and capital projects on college and university campuses will inevitably be impacted as public and privately funded projects adjust to the budget crunch.
University Buildings | May 20, 2020
JCJ Architecture, Moody Nolan complete UCONN's Student Recreation Center
The project sits at the center of the Storrs campus.
University Buildings | May 19, 2020
Clemson's new Outdoor Education Center uses a Mass Timber Structural System
Cooper Carry designed the project.
University Buildings | Apr 29, 2020
Dixie State University's new Human Performance Center
Hastings+Chivetta designed the project.
Coronavirus | Apr 10, 2020
COVID-19: Converting existing hospitals, hotels, convention centers, and other alternate care sites for coronavirus patients
COVID-19: Converting existing unused or underused hospitals, hotels, convention centers, and other alternate care sites for coronavirus patients
University Buildings | Apr 9, 2020
Designing for the next generation of student life: Academically aligned
Since many academic departments have been concentrated in their own buildings or portions of campus, bringing these disciplines into a shared facility is fairly new territory.
Coronavirus | Mar 30, 2020
Learning from covid-19: Campuses are poised to help students be happier
Overcoming isolation isn’t just about the technological face to face, it is about finding meaningful connection and “togetherness”.
