2.09.26 PW SS Briefings - Laserfiche WebLink

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From Q4 2025 through Q2 2026, the effort turns to Olympia, where efforts will be made to pursue a state capital-budget earmark during the 2026 legislative session. While this legislative push is underway, the beginning momentum for TOTAL FUNDING FOR THE PUBLIC FACILITIES IMPROVEMENTS private fundraising will be started in the capital campaign. IS SECURED OR WILL BE SECURED WITHIN A GIVEN TIMEFRAME. Starting in Q1 2026 and running through Q2 2027, the quiet phase of the capital campaign will secure anchor gifts and naming rights, with a goal of achieving 40 percent of the private fundraising target before the public campaign is launched. Central Washington University is well positioned to leverage relationships developed over decades to mature the capital stacking plan to renovate Old In parallel, a second round of state advocacy will take place in Q3 2026 through Heat. CWU Business and Community Services (BCS) is a strategic economic Q2 2027, refining the request to complete the state's share of the project funding development services provider for the region and state. It is well positioned to during the 2027 legislative session.At the same time, a rolling grant calendar lead this effort in close collaboration with local government partners and non- begins in Q2 2026 and continues through Q4 2028 with the grant-writing profits. BCS actively develops and maintains relationships with businesses in consultant targeting $6-8 million from federal, state, and private foundation advanced manufacturing including the aerospace industry. There are investors sources. on the West side who have shown interest in Old Heat. There are medium and large businesses in the Central Washington region that may be interested The funding timeline is sequenced so that state appropriations, corporate and once plans are more developed. Current discussions with them are focused on private pledges, and grant awards are secured before the execution of the capstone projects and pilots. One large manufacturer has been looking for space construction contract, ensuring a fully financed project at notice-to-proceed. in Central Washington for years and ended up locating overseas due to lack of opportunities here. They are looking into coming back; Old Heat and Bowers Partners in Old Heat in its founding days will not be just passive support but Field might be just the space they are looking for. active investors of their time and resources to bring the project to fruition. Stakeholders see the project as a catalytic investment in the community and are Through these efforts a capital stacking plan can be developed to augment the ready to play a role in making it a reality—whether by giving, connecting, or financing of the Old Heat renovation. Sponsorship and naming rights are key leading. This collective enthusiasm provides a strong foundation for launching components of a capital stacking revenue plan. Relationships with industry and the capital campaign and signals a promising path forward. the regional community through CWU can establish prospect pipelines. A proposed timeline for these efforts on next page: The project launches in Q4 2025 with legislative briefings and the formation of an advisory board. During this phase, requests for proposals (RFPs)for both a capital campaign consultant and a grant-writing consultant can be issued if it is determined the work will not be performed by BCS or economic development staffing. This work could take on a hybrid structure utilizing contract work when needed. 52 1 Old Heat CERB Feasibility Study