QUESTION #11: WILL ALL THESE NEW FACILITIES THAT WE ARE BUILDING LEAVE US WITH LESS MONEY IN THE BASE BUDGET?
Yes. We estimate that our overall square footage will grow by over 15% with the four new residence halls and campus 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.
