The P3 (public–private partnership) concept is getting a tryout at the University of Kansas, where state funding for construction has fallen from 20% of project costs to about 11% over the last 10 years, according to James Modig, KU’s University Architect and Director of Design and Construction Management.
Despite those cutbacks, the university has $352 million worth of building projects in design or under construction this year, up from $100–150 million annually in recent years, says Modig.
Kansas is in the RFP stage of its first P3 project, a new “gateway” housing facility that will be a key component of KU’s Central District Plan, the centerpiece of its 2014–2024 Campus Master Plan.
In addition to providing capital funds, the owner will maintain the building during the projected 30-year lease. With a $300 million maintenance backlog and an annual maintenance budget of only $9.4 million, having a developer assume maintenance costs will be a welcome innovation, says Modig.
Learn more about P3 and other creative project financing strategies in BD+C's Special Report, “How your firm can help struggling colleges and universities meet their building project goals.”
Related Stories
University Buildings | Aug 8, 2017
Student center(ed): Is the student union the key to retention?
Studies indicate that the longer a student remains on campus—and in an academic mindset—the greater their chance for academic growth and success.
Healthcare Facilities | Aug 8, 2017
Kansas’ only medical school receives new 171,000-sf building
The building was designed to enhance the medical campus’ existing facilities, curriculum, and classrooms.
Laboratories | Aug 3, 2017
Today’s university lab building by the numbers
A three-month study of science facilities conducted by Shepley Bulfinch reveals key findings related to space allocation, size, and cost.
Education Facilities | Aug 3, 2017
School of Communication and Media at Montclair State University merges faculty, professionals, and academic programs
CannonDesign designed the facility, which features a 197-seat presentation hall and various control rooms.
Wood | Jul 10, 2017
University of Idaho Arena plans to make timber a focal point
The project received a Wood Innovation Grant that will help spur construction of the Hastings + Chivetta-designed project.
University Buildings | Jun 29, 2017
Duke University’s new alumni and visitors center is a ‘modern adaptation of the campus’ architectural style’
The project will total about 47,000 sf of new construction and renovations.
University Buildings | Jun 21, 2017
Student residence hall in Lisbon takes biophilic design to the next level
The luxury student accommodations will be Collegiate’s first outside of the U.K.
Building Team Awards | Jun 7, 2017
Blurring the lines: University of Chicago North Residential Commons
Gold Award: The University of Chicago’s new Residential Commons is part campus, part community.
Higher Education | Jun 7, 2017
Building for the future: Five trends in higher education projects
Preparing students for life after graduation has become the primary motivator behind construction initiatives at U.S. colleges and universities.
University Buildings | May 5, 2017
'Escape forward': How one public university plans to grow
How can public institutions expect to survive and thrive in Illinois' turbulent environment? The answer, for one school anyways, is to think and act like entrepreneurs.
