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Danger! Extreme Conditions!

Danger! Extreme Conditions! . What’s Possible…. Average Age of City School Buildings= 53 Years. 23% built before 1946. 3% built since 1985. 74% built between 1946 and 1985. School Buildings Get Failing Grade. 163 schools 85% in POOR condition 50 schools unsalvageable

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Danger! Extreme Conditions!

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  1. Danger! Extreme Conditions!

  2. What’s Possible…

  3. Average Age of City School Buildings= 53 Years 23% built before 1946 3% built since 1985 74% built between 1946 and 1985

  4. School Buildings Get Failing Grade • 163 schools • 85% in POOR condition • 50 schools unsalvageable • Educational Adequacy = F • $2.4 Billion Need

  5. Current System = Band Aid Approach! $60 Million per Year Available vs. $2.4 Billion Needed

  6. Buildings Get Worse Costs Go Up

  7. It’s Been Done Before! • Greenville, SC • $1 billion up front by leveraging existing funding streams • Rebuilt all 70 of its schools in 6 years

  8. Step 1: Predictable Funding $ State Funds Predictable 30 year funding stream $ City Funds $ $ BCPS Funds

  9. Step 2: Leverage the Funding Predictable 30 year funding stream FinancingEntity $1 Billion for School Construction Now!

  10. Step 3: Rebuild City Schools $1 Billion in School Construction 80 New or Fully Renovated Schools!

  11. New Schools or “Band Aids” $1 Billion in Capital Funding Current System vs. A handful of new roofs, boilers, and windows 80 new or renovated schools

  12. Buildings Get Better Total Cost Shrinks

  13. Benefits of Building Now • Great Buildings for Kids NOW! • Economies of Scale! • Jobs, Jobs, Jobs! • Low Interest Rates

  14. Current Funding Streams Leverage $1 Billion IF: State and City leaders embrace this new financing approach

  15. Build Schools. BuildNeighborhoods.www.transformbaltimore.org

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