05.11.2026 PW SS Briefing - Laserfiche WebLink

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21 OLD HEAT REPORT OLD HEAT REPORT 13 With the infrastructure base in place, the campaign will seek a transformative corporate OLD HEAT CAPITAL STACKING STRUCTURE anchor partner. This is not sponsorship in the traditional sense; it is leadership • • Heat Capitalinvestment. A regional or national corporation aligned with innovation, workforce • • Heat Capital State & Federal Grants / Bonds development, research partnerships, or sustainability will be invited to serve as the Stacking founding partner of the Old Heat Building. Rather than a single one-time gift, the Stacking Structure campaign will structure this commitment as a multi-year underwriting pledge, potentially CERB / Public Infrastructure Tools over five years, with an accelerated initial contribution to support early construction needs. This structure mirrors successful corporate underwriting models used in comparable projects, where early capital infusion supports construction timelines while Historic Tax Credits / Pace / Oz establishing a durable, long-term partnership. The corporate anchor will receive prominent naming rights, exterior visibility, interior Corporate Anchor Investment recognition, and strategic alignment with the building's programming. More importantly, the partner will be positioned as a co-investor in regional talent development and innovation infrastructure. The narrative presented to this partner will align with workforce Major Sponsors & Naming Rights pipeline development, research collaboration opportunities, ESG commitments, green economy initiatives, and economic equity. The Old Heat Building will be positioned not merely as a venue, but as a platform for innovation and industry engagement. Community Philanthropy Above the anchor layer, major area sponsors will activate defined portions of the building. The mezzanine can become an innovation or research collaboration level underwritten The capital stack begins with public infrastructure investment. As a University-owned by a technology or engineering firm. The coal bin level can transform into a collaborative asset, the Old Heat Building qualifies for state and federal capital tools that can event space bearing the name of a civic benefactor. Training rooms in the annex can stabilize and de-risk the project. State capital appropriations, economic development align with workforce development partners. Historic preservation elements, including grants, potential CERB participation, historic preservation incentives, energy financing restored architectural features, can attract donors passionate about heritage stewardship. mechanisms such as PACE, and other infrastructure resources form the foundational Exterior plazas and gathering spaces can reflect the leadership of corporations committed layer of the stack. These investments are catalytic rather than charitable. They address to public engagement. Each significant gift completes a defined construction component code compliance, structural stabilization, preservation of historic elements, and essential and permanently associates the donor with a physical space inside the building. life-safety improvements. Public dollars signal seriousness and institutional commitment. They provide the structural base upon which private investment can confidently build. The final layer of the capital stack is the community itself. Alumni, faculty, families, local businesses, and regional residents will have opportunities to participate through founders' Securing this public layer is the first execution step in the campaign. During the pre- recognition walls, brick or the campaigns, small business sponsorships, and community campaign phase, the University and its affiliated campaign entity will finalize the full fundraising events. These contributions, while smaller in scale, are powerful in meaning. project budget, confirm scope definitions, assess historic tax credit eligibility, evaluate They transform the building from a University project into a shared civic achievement. bond participation where appropriate, and initiate capital budget conversations with When the doors open, the community will recognize its fingerprints in the masonry and its legislative partners. By establishing this foundation early, the campaign reduces commitment in the walls. perceived risk and creates momentum before entering the private fundraising phase.