05.11.2026 PW SS Briefing - Laserfiche WebLink

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61 OLD HEAT REPORT OLD HEAT REPORT 17 the building's programming must reflect its capital investment. Workforce training PHASE 1: CAMPAIGN AUGUST - SEPTEMBER 2026 partnerships, industry collaboration, entrepreneurship programming, cultural events, and INFRASTRUCTURE & Public infrastructure strategy is activated. • • Heat Capitalcommunity gatherings should all align with the economic development narrative that PUBLIC FOUNDATION Phase underpins the campaign. The University and campaign Campaign leadership: Campaign Construction Ed The capital stack thus rises in intentional layers. Public infrastructure tools provide JUNE 2026 - NOVEMBER 2026 (MONTHS • Initiate state capital budget Infrastructure structural stability. Corporate anchor investment delivers transformational momentum. 1-6) conversations Timeline Major sponsors activate specific spaces. Community philanthropy builds broad ownership. This first six-month period establishes the • Explore CERB eligibility and begin Public Foundation Each layer strengthens the one above it. Each layer depends on the credibility of the one structural and financial foundation of the application preparation if appropriate beneath it. campaign. • Evaluate historic tax credit eligibility • Assess bond participation and debt This strategy reduces risk by distributing responsibility. It builds confidence by sequencing JUNE -JULY 2026 structure if needed commitments. It creates momentum through visible milestones. And it reflects the • Analyze PACE or other energy financing collaborative spirit necessary to bring a historic industrial structure into a new era of The University formally designates tools relevance. or establishes the affiliated 501(c)(3) foundation dedicated to the Old Heat During this period, messaging materials The Old Heat Building's rebirth will not be measured solely in square footage renovated Building campaign. Articles of incorporation are developed: and ated laws adop ted,p , or dollars raised. It will be measured in partnerships formed, industries engaged, students are finalized, Case statement document inspired, and communities gathered. It will stand as visible proof that when a University development agreement executed between Corporate anchor prospectus commits to stewardship and invites its region to invest alongside it, transformation is not the University and the foundation defining Naming opportunities brochure only possible—it is inevitable. roles, ownership, and authority. Economic impact summary Below is a detailed narrative of a 24-month implementation timeline beginning June 2026 A Campaign Cabinet is recruited, Master plan integration narrative and running through May 2028, aligned directly with the enriched capital stacking narrative composed of: and campaign execution structure. : University leadership Corporate executives OCTOBER- NOVEMBER 2026 This assumes: • Civic and philanthropic leaders Campaign transitions into quiet phase The University owns the building • Economic development stakeholders preparation. A University-affiliated 501(c)(3) foundation is formed to lead the campaign Top 10-15 major prospects are Construction and fundraisingmove in coordinated phases Simultaneously, the University finalizes: p identified: Public infrastructure commitments are pursued in parallel with private fundraising Confirmed construction scopes p p p g Refined total project budget (with Corporate anchor candidate(s) contingency) Industry-aligned partners • Naming rights matrix • Major philanthropic families • Sponsorship levels and recognition ' Regional foundations policies Prospect cultivation meetings begin quietly and confidentially.