Reinvestment strategies for aging campus facilities: Frameworks for success

As institutions weigh renovation against new construction, strategic reinvestment in aging facilities offers a more sustainable, cost-effective, and faster path forward — especially on historic campuses where preserving building stock is an institutional priority. Presenters draw on six renovation projects including from Boston University and Bowdoin College to examine how requirements are reshaping facility investment decisions. They share frameworks for evaluating renovation versus replacement, describe technical, logistical, and financial strategies for extending the life of spaces, and outline how targeted upgrades support faculty recruitment. They deliver key investment criteria and decision rationales for other institutions managing aging portfolios.