University of Massachusetts Coordinated Strategy of Renewal and Stewardship Background • High deterioration of campus facilities; average age large concern • Asset reinvestment backlog of nearly $2B (space renovation = 41% of total DM) • Capital funding weighted towards space renewal despite problems with building systems, envelop, infrastructure; Hard to justify demolition due to space demands Analysis • Sightlines Facilities Assessment & Planning cataloged 330 buildings, 11M GSF • Multi-year capital strategy developed to set priorities, advocate for funding • Assessment found $1.6B in needs within buildings + $80M for infrastructure • Four portfolios created to segment projects: maintain, renovate, transition, repurpose Results • UMASS received $600M from state bond bill and approval to borrow $215M for construction & renovation
UMASS Amherst, MA Facilities Assessment & Planning
$600M funding from the state
$300M decrease in backlog
• Reduced backlog by >$300M (18% decrease) by year 3 • By year 5 space renovation DM reduced to 29% from 41%
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