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1. 2 3 4 5 6 7 8 23% built before 1946 74% built between 1946 and 1985 3% built since 1985.

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Presentation on theme: "1. 2 3 4 5 6 7 8 23% built before 1946 74% built between 1946 and 1985 3% built since 1985."— Presentation transcript:

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8 8 23% built before % built between 1946 and % built since 1985

9 163 schools 85% in POOR condition 50 schools unsalvageable Educational Adequacy = F $2.4 Billion Need 9

10 $60 Million per Year Available vs. $2.4 Billion Needed 10

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12 Greenville, SC $1 billion up front by leveraging existing funding streams Rebuilt all 70 of its schools in 6 years 12

13 Predictable 30 year funding stream 13 $ $ $ $ State Funds BCPS Funds City Funds

14 Financing Entity $1 Billion for School Construction Now! 14 Predictable 30 year funding stream

15 15 80 New or Fully Renovated Schools! $1 Billion in School Construction

16 80 new or renovated schools Current System A handful of new roofs, boilers, and windows 16 $1 Billion in Capital Funding

17 17 Buildings Get Better Total Cost Shrinks

18 Great Buildings for Kids NOW! Economies of Scale! Jobs, Jobs, Jobs! Low Interest Rates 18

19 State and City leaders embrace this new financing approach 19

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