 |
Yes. Although the actual cost of construction for these projects is covered by gifts and the Capital Reserve Fund (which operates outside of the annual budget), the base budget will be affected by our new facilities. We estimate that our overall square footage will grow by over 30% with the four new residence halls, the athletic and fitness center, the completed Noyce Science Center, and the Joe Rosenfield Center. We anticipate that the base budget will continue to grow, which will help us to absorb new costs. Still these larger and new facilities will need to be maintained (heating, cooling, cleaning, etc.) and the cost of this will come from the base budget. That said, we hope to be able to heat and cool these facilities more efficiently, which should reduce energy costs, and take some older, less efficient buildings off-line to reduce maintenance costs.
|
 |