Tuesday Mid-day Learning Opps

Leveraging Private Capital For Campus Development: Case Study at Boise State

  • Tuesday, August 01
  • 10:45 AM - 12:00 PM
  • Minneapolis Conv Ctr
  • 211B
  • FIN

Speakers

JoEllen DiNucci

Associate Vice President for Finance and Administration

Boise State University

Boise, Idaho

Jared Everett

Vice President of University Partnerships

EdR

Boise, Idaho

Stacy Pearson

Vice President for Finance and Administration

Washington State University

Pullman, Washington

Description

Like many institutions, Boise State University wanted to meet demands for new programs and facilities—and address a growing backlog of deferred maintenance—yet had limited resources. The university turned to the public–private partnership (P3) model to address increased demand for on-campus housing and the need to modernize or re-purpose older housing inventory. A partnership with Educational Realty Trust resulted in a new mixed-use facility that includes offices, classrooms, food service facilities, and 656 beds. The deal was structured with a high priority on how rating agencies might view the transaction and on preserving the university's resources, debt capacity, and credit rating for future bonding. In this interactive case study, the presenters will review details of the project and deal structure and explain how the project facilitated solutions to challenges commonly faced by higher education institutions.

Learning Objectives

  • Review different methods of funding campus development when institutional resources are limited.
  • Improve the structure of public–private partnerships in consideration of credit, debt, and balance sheet concerns.
  • Employ various strategies to exercise influence and control on privately funded projects.