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05.11.2026 PW SS Briefing
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2026-05-11 1:30 PM - Public Works Study Session
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05.11.2026 PW SS Briefing
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5/8/2026 11:39:26 AM
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5/8/2026 10:08:57 AM
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Meeting
Date
5/11/2026
Meeting title
Public Works Study Session
Location
BoCC Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
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The Old Heat Building • <br /> A $10 Million Capital Stacking <br /> Campaign <br /> iossvx a. voixE INTEGRATED SOLUTIONS <br /> A PUBLIC-PRIVATE INVESTMENT STRATEGY <br /> The Old Heat Building stands at a defining moment between preservation and progress. Once a utilitarian engine that powered campus <br /> infrastructure, it now presents an extraordinary opportunity to power something far more enduring: innovation, entrepreneurship, <br /> workforce development, and community connection. Its historic masonry, industrial scale, and architectural authenticity give it gravitas. <br /> Its next chapter gives it purpose. <br /> The University will own the building. It will steward the asset, guide its long-term mission, and ensure that programming aligns with <br /> institutional priorities, academic partnerships, and regional economic development goals. Yet the transformation of the Old Heat <br /> Building cannot rely solely on University capital resources. Its rebirth requires a carefully structured and deliberately sequenced capital <br /> campaign—one that blends public infrastructure investment, corporate leadership, philanthropic partnership, and broad community <br /> participation into a coordinated $10 million capital stack. <br /> This is not simply a fundraising effort. It is a structured public—private investment strategy designed to align infrastructure finance, <br /> corporate underwriting, philanthropic gifts, and grassroots engagement into a cohesive financial architecture. <br /> At the heart of the strategy is a recognition that the building's renovation is modular and phased. The work begins with the warm <br /> shell and life-safety systems that stabilize the structure and make it occupiable. From there, mezzanine build-outs, annex activation, <br /> historic preservation elements, and exterior site improvements unfold in clearly defined scopes. That phasing is not only a construction <br /> strategy—it is a fundraising advantage. Sponsors are not asked to fund abstractions; they are invited to complete tangible, visible, <br /> named spaces that permanently link their investment to the physical transformation of the building. <br />
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