Master planning in an age of turbulent change
June 19, 2023
In Tradeline, Todd Griffith and Alex Wing discuss how schools are revisiting design and planning to reflect enrollment, funding, and older spaces
How do you measure the value of research? That¡¯s the question many universities are contending with as they rethink and revise their master plans to reflect declining enrollments, a complex funding environment, and the realities of older facilities, amid competition for scarce resources. A fresh approach to space planning and benchmarking can help clarify the possibilities.
Todd Griffith, senior associate at Â鶹´«Ã½, cites increased expenses and lost revenue from the COVID-19 pandemic adding up to $183 billion as a source of stress for universities nationwide. Capital spending and operating budgets are dropping, and institutions are facing a demographic ¡°cliff¡± that will see a significant drop in the number of people of traditional college age starting in 2026.
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