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THE NEW CHALLENGE OF FUNDING DEVELOPMENT Institutions now more than ever face the mounting challenge to do more with less—funding development and operations with diminishing revenues, bond proceeds and tax receipts. The trend is leaving many institutions at a competitive disadvantage. With the increasing scarcity of traditional sources of funding, many institutions have turned to new resources, innovative financing and the need to maximize income generation from existing assets, such as parking, in order to be more self-sufficient.
Gates delivers greater amounts of capital than traditional sources of public finance, as its underwriting process captures cash flows from all ancillary revenue sources such as fines and towing. Most importantly, this is accomplished while preserving institutional control of operations.
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By turning to a private partnership and maximizing parking and related revenues, substantial capital can be immediately delivered for alternative needs, such as economic development and critical infrastructure improvements. |
BUT EVEN IF THE SHORTFALL WERE NOT LOOMING, THE FREE-FOR-ALL THAT DETERMINES UNIVERSITY FUNDING HAS LONG NEEDED TO BE REVISED...
TREMORS FROM THE HOUSING MARKET'S SLUMP ARE STRAINING THE BUDGETS OF STATE AND LOCAL GOVERNMENTS FROM COAST TO COAST, SENDING OFFICIALS SCRAMBLING TO PLUG GAPS.
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