Date of this Version
Educause Review, Thursday, July 30, 2009
Colleges and universities are dealing with revenue shortfalls, massive budget cuts, layoffs, furloughs, underwater endowments, underfunded pension plans, enrollment sags, and credit access problems. Some administrators are saying, “We need to put sustainability projects on hold until we work our way through more basic survival problems.” Is this a valid perspective, or an excuse for inaction? Actually, energy-saving retrofit projects are still fundable, even in today’s credit market, if projected costs and benefits are based on an “investment grade” analysis.