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Gordian study finds $2.7B 10-year capital need across IHL campuses; committee hears demolition bill idea
Summary
IHL's facilities briefing summarized Gordian's assessment: about $2.7B in 10-year capital needs, $1.6B backlog, a system net asset value of 76%, and a recommended annual investment target near $130M; legislators discussed demolition authority and R&R budgeting.
Brad Rowland of the Institutions of Higher Learning summarized a Gordian facilities condition assessment contracted in 2023 that quantified deferred maintenance and informed a four-year capital plan.
Rowland said Gordian assessed approximately 1,400 buildings (the medical center excluded) and identified roughly $2.7 billion of 10-year capital needs and about $1.6 billion in backlog and deferred maintenance. He described an…
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