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6 | OLD HEAT REPORT <br />the building’s programming must refl ect its capital investment. Workforce training <br />partnerships, industry collaboration, entrepreneurship programming, cultural events, and <br />community gatherings should all align with the economic development narrative that <br />underpins the campaign. <br />The capital stack thus rises in intentional layers. Public infrastructure tools provide <br />structural stability. Corporate anchor investment delivers transformational momentum. <br />Major sponsors activate specifi c spaces. Community philanthropy builds broad ownership. <br />Each layer strengthens the one above it. Each layer depends on the credibility of the one <br />beneath it. <br />This strategy reduces risk by distributing responsibility. It builds confi dence by sequencing <br />commitments. It creates momentum through visible milestones. And it refl ects the <br />collaborative spirit necessary to bring a historic industrial structure into a new era of <br />relevance. <br />The Old Heat Building’s rebirth will not be measured solely in square footage renovated <br />or dollars raised. It will be measured in partnerships formed, industries engaged, students <br />inspired, and communities gathered. It will stand as visible proof that when a University <br />commits to stewardship and invites its region to invest alongside it, transformation is not <br />only possible—it is inevitable. <br />Below is a detailed narrative of a 24-month implementation timeline beginning June 2026 <br />and running through May 2028, aligned directly with the enriched capital stacking narrative <br />and campaign execution structure. <br />This assumes: <br />The University owns the building <br />A University-affi liated 501(c)(3) foundation is formed to lead the campaign <br />Construction and fundraising move in coordinated phases <br />Public infrastructure commitments are pursued in parallel with private fundraising <br />Old Heat Capital <br />Campaign & <br />Construction <br />Timeline <br />OLD HEAT REPORT | 7 <br />PHASE 1: CAMPAIGN <br />INFRASTRUCTURE & <br />PUBLIC FOUNDATION <br />JUNE 2026 – NOVEMBER 2026 (MONTHS <br />1–6) <br />This fi rst six-month period establishes the <br />structural and fi nancial foundation of the <br />campaign. <br />JUNE – JULY 2026 <br />The University formally designates <br />or establishes the affi liated 501(c)(3) <br />foundation dedicated to the Old Heat <br />Building campaign. Articles of incorporation <br />are fi nalized, bylaws adopted, and a <br />development agreement executed between <br />the University and the foundation defi ning <br />roles, ownership, and authority. <br />A Campaign Cabinet is recruited, <br />composed of: <br />• University leadership <br />• Corporate executives <br />• Civic and philanthropic leaders <br />• Economic development stakeholders <br />Simultaneously, the University fi nalizes: <br />• Confi rmed construction scopes <br />• Refi ned total project budget (with <br />contingency) <br />• Naming rights matrix <br />• Sponsorship levels and recognition <br />policies <br />AUGUST – SEPTEMBER 2026 <br />Public infrastructure strategy is activated. <br />The University and campaign <br />leadership: <br />• Initiate state capital budget <br />conversations <br />• Explore CERB eligibility and begin <br />application preparation if appropriate <br />• Evaluate historic tax credit eligibility <br />• Assess bond participation and debt <br />structure if needed <br />• Analyze PACE or other energy fi nancing <br />tools <br />During this period, messaging materials <br />are developed: <br />• Case statement document <br />• Corporate anchor prospectus <br />• Naming opportunities brochure <br />• Economic impact summary <br />• Master plan integration narrative <br />OCTOBER – NOVEMBER 2026 <br />Campaign transitions into quiet phase <br />preparation. <br />Top 10–15 major prospects are <br />identifi ed: <br />• Corporate anchor candidate(s) <br />• Industry-aligned partners <br />• Major philanthropic families <br />• Regional foundations <br />Prospect cultivation meetings begin quietly <br />and confi dentially. <br />Phase 1: <br />Campaign <br />Infrastructure & <br />Public Foundation