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Danger! Extreme Conditions!

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What’s Possible…

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Average Age of City School Buildings= 53 Years

23% built before 1946

74% built between 1946 and 1985

3% built since 1985

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

School Buildings Get Failing Grade

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$60 Million per Year Availablevs.

$2.4 Billion Needed

Current System = Band Aid Approach!

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Buildings Get Worse Costs Go Up

Year 0 Year 1 Year 2 Year 3 Year 4$1,000

$1,400

$1,800

$2,200

$2,600

$3,000

Scho

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onst

ruct

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Nee

d in

Mill

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Greenville, SC$1 billion up front by leveraging existing funding streams

Rebuilt all 70 of its schools in 6 years

It’s Been Done Before!

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Predictable 30 year funding stream

$

$

$$

State Funds

BCPS Funds

City Funds

Step 1: Predictable Funding

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Financing Entity

$1 Billion for School Construction

Now!

Predictable 30 year funding

stream

Step 2: Leverage the Funding

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80 New or Fully Renovated Schools!

$1 Billion in School Construction

Step 3: Rebuild City Schools

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80 new or renovated

schools

vs.

Current System

A handful of new roofs, boilers, and

windows

$1 Billion in Capital Funding

New Schools or “Band Aids”

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Buildings Get BetterTotal Cost Shrinks

Year 0 Year 1 Year 2 Year 3 Year 4$1,000

$1,400

$1,800

$2,200

$2,600

$3,000

Total Remaining School Construction Need with Project by ProjectTotal Remaining School Construction Need with Block Grant

Scho

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onst

ruct

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Nee

d in

Mill

ions

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Great Buildings for Kids NOW!

Economies of Scale!Jobs, Jobs, Jobs!Low Interest Rates

Benefits of Building Now

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State and City leaders

embrace this new

financing approach

Current Funding Streams Leverage $1 Billion IF:

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Build Schools. Build Neighborhoods.www.transformbaltimore.org