Financing Student Housing for Community Colleges

By Joe Bosch and Dan Froehlich, Senior Vice Presidents at D.A. Davidson & Co., and Terry Gilbride, partner, Hodgson Russ LLP. Bios below.   According to the American Association of Community Colleges, 28% of public community colleges in the U.S. offer on-campus student housing. In some states, like New York, this percentage is much higher. …

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College Leaders Are Getting Serious About Outsourcing. They Still Have Plenty of Concerns, Too.

Goldie Blumenstyk wrote “College Leaders Are Getting Serious About Outsourcing. They Still Have Plenty of Concerns, Too” for The Chronicle of Higher Education. The article paints a picture of the “new era of outsourcing” by illustrating some services schools are looking to partner on, quoting survey respondents on reasons they hesitate to partner, and offering an …

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University of Delaware’s STAR Campus—A Model Innovation Community

By Kendra Chatburn; cover photo courtesy of SmithGroup   Universities are finding ways to advance their mission, bring in revenue, and transform their campuses by partnering with companies, investors, and developers in a variety of ways. One such example is  the Science, Technology, and Advanced Research (STAR) Campus development at the University of Delaware (UD). …

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Faculty and Staff Housing: Q&A with Kim Wright on Trends and Partnerships

Faculty and staff housing is a hot topic on many campuses. What kinds of schools are providing it? What kinds of schools should provide it? And how are these projects working—how are these projects financed and executed, what are best practices, etc.? We recently sat with Kim Wright to learn more from her 15+ years …

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Campus Hotels / Conference Centers: Part 1 – Why, how, trends, and where we go from here

By Jessica Rosenberg, Brailsford & Dunlavey   This is part 1 of a 2-part series. Part 2, a case study of California State University, Northridge, is available here.   Why do some schools build hotels / conference centers when others don’t? And what are the subtle (or not so subtle) differences between all the facilities …

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IRS Issues Guidance on Interest Deduction, and It’s Good News for P3 Projects

Last year’s Tax Cuts & Jobs Act (“TCJA”) left open the possibility that a full tax deduction for interest on debt could be in jeopardy.  But the IRS recently finalized its guidance, and it preserves a safe harbor for contractors and investors in P3s to deduct the interest.  The upside, of course, is that an …

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Designing for Developers or Universities: What’s the Difference?

By Jim Curtin, AIA, Principal – Campus Environments, Solomon Cordwell Buenz (SCB)   As Public-Private Partnerships (“P3”) continue to gain steam on campuses across the country, many of our clients are interested in how this delivery method affects our process as architects and ultimately, the final design for a building. As a firm that works …

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University of South Florida Wins Best Education Project at P3 Awards

The University of South Florida (“USF”) took home the “Best Education Project” award at the annual P3 Awards in New York City, hosted by P3 Bulletin and one of the largest programs recognizing impactful public-private partnership endeavors across the Americas. USF’s Assistant Vice President for Housing & Residential Education, Ana Hernandez, accepted the award on …

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A New “Opportunity” for Higher Ed? What Opportunity Zones Are and How Schools Can Benefit

The Opportunity Zones program is an economic development tool enacted as part of the 2017 Tax Cuts and Jobs Act. The goal of the program is to encourage long-term capital investment in economically distressed communities via substantial federal tax breaks (e.g., temporary tax deferral, tax reduction, and tax exemption). These communities, defined as having a …

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Momentum for P3 developments on college campuses continues to build

Lizetta Fennessy wrote “Momentum for P3 developments on college campuses continues to build” for Haley Aldrich‘s blog. The article recaps Fennessy’s observations from the recent P3 Higher Education Summit, covering topics like campuses building P3s into their master planning, developers getting more strategic, and the when/how of selecting team members beyond the developer. (October 2018)

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