Funding Facility Renewal With No Up-Front Cost And With Guaranteed Results: A New And Proven Strategy In An Era Of Declining Budgets

Abstract

RIGHT NOW, MUNICIPAL BUILDINGS and their associated facilities across the province, and the country, are crumbling, some faster than others and literally in many cases. This is simply a reality today. Or does it have to be? Is it possible to restore and upgrade the physical conditions of municipal buildings within current budget constraints, and with environmental concerns in mind? The answer is a resounding yes. Facility renewal can be successfully achieved with no up-front cost and with guaranteed results! Over the years, public sector building owners have used money from facility budgets to fund programs. One undesirable result, however, is the creation of a significant unfunded liability, or facility renewal funding gap. The new strategy focuses on facility renewal funded directly through energy savings. This dramatic shift in thinking has resulted in a performance breakthrough, creating significant new opportunities for facility renewal.