Wednesday, June 11, 2014

Solving the College Capital Budget Crisis - Brian C. Mitchell, Huffington Post

American colleges and universities face a growing crisis in how to fund and even prioritize their capital construction needs. While most recognize that higher education institutions on some level can be reduced to the outcome produced by the intersection of people, programs and facilities, they typically mismanage how they approach facilities design and development. It's surprising that so little innovation is occurring in facilities construction, despite pockets of innovation, differences in entrepreneurial approaches dependent by type and scale of institution and resource level, and the creativity of some senior leadership. For the most part, American colleges and universities treat facilities as an independent fiefdom within the kingdom masked by "Mom and Pop" financial practices that are fueled - somewhat dangerously over the long term --by increasing debt. http://www.huffingtonpost.com/dr-brian-c-mitchell/solving-the-college-capit_b_5436936.html