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