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
| Jun 1, 2012
New BD+C University Course on Insulated Metal Panels available
By completing this course, you earn 1.0 HSW/SD AIA Learning Units.
| Jun 1, 2012
K-State Olathe Innovation Campus receives LEED Silver
Aspects of the design included a curtain wall and punched openings allowing natural light deep into the building, regional materials were used, which minimized the need for heavy hauling, and much of the final material included pre and post-consumer recycled content.
| May 31, 2012
2011 Reconstruction Award Profile: Seegers Student Union at Muhlenberg College
Seegers Student Union at Muhlenberg College has been reconstructed to serve as the core of social life on campus.
| May 31, 2012
New School’s University Center in NYC topped out
16-story will provide new focal point for campus.
| May 31, 2012
Perkins+Will-designed engineering building at University of Buffalo opens
Clad in glass and copper-colored panels, the three-story building thrusts outward from the core of the campus to establish a new identity for the School of Engineering and Applied Sciences and the campus at large.
| May 29, 2012
Reconstruction Awards Entry Information
Download a PDF of the Entry Information at the bottom of this page.
| May 24, 2012
2012 Reconstruction Awards Entry Form
Download a PDF of the Entry Form at the bottom of this page.
| May 9, 2012
Shepley Bulfinch given IIDA Design award for Woodruff Library?
The design challenges included creating an entry sequence to orient patrons and highlight services; establishing a sense of identity visible from the exterior; and providing a flexible extended-hours access for part of the learning commons.
| May 8, 2012
Morgan/Harbour completes three projects at Columbia Centre
Projects completed on behalf of property owner, White Oak Realty Partners, LLC, Pearlmark Realty Partners, LLC and Angelo Gordon & Co.
| May 7, 2012
2012 BUILDING TEAM AWARDS: TD Ameritrade Park
The new stadium for the College World Series in Omaha combines big-league amenities within a traditional minor league atmosphere.
