Faculty and college funding in amenities initiatives fell by 19 p.c 12 months over 12 months in 2021 as capital enchancment initiatives slowed or stopped amid the pandemic, a current report reveals. Faculty working budgets declined by 9 p.c 12 months over 12 months.
Gordian, a facility and building price information and software program firm, analyzed greater than 52,000 buildings on over 300 campuses. The ensuing report reveals that almost one-third of all campus buildings are between 10 and 25 years previous.
Greater than half of amenities leaders instructed Gordian that they had better affect on campus for the reason that pandemic started.
“Throughout increased schooling, centered amenities stewardship and capital planning are extra vital than ever. The findings from this 12 months’s report additional invigorate our mission to assist establishments prioritize investments and drive significant outcomes inside their communities,” Mark Schiff, president of Gordian, mentioned in an announcement.