The Journey to Alternative Funding

At the NACUBO 2019 Annual Meeting, B&D’s Jeffrey Turner along with panelists Walter Branson (Wright State University), Tony Calcado (Rutgers University) and Dean Calvo (Scripps College)  discussed varying sources of alternative funding for Higher Ed capital projects. Opportunity Zones, included in the Tax Cuts and Jobs Act (TCJA) signed into law in December 2017, opened the possibility for tax-incentivized investments into economically distressed communities—many located adjacent to college campuses—that are designated as Qualified Opportunity Zones (QOZ). During this presentation, panelists discussed the financial environments in which their institutions operate, how they’ve navigated the funding of projects that include state and federal tax credits, Opportunity Zones, and P3, and what they’ve learned in the process. Access the presentation slides.