a methodical approach to address these needs through comprehensive planning and strategic financial management. “The corporation started an infrastructure study with Schmidt and Associates to find out the physical plant needs of the corporation,” explains Dr. Joseph Voelker, Chief Operations Officer. “We’ve found needs at all our properties to the tune of almost $400 million. We’re not going to be able to do all that, but we’re trying to prioritize those dollars based on high, medium, and low needs to be addressed in the next five to seven years at each building.” This systematic assessment aligns with best practices in educational facility management, which emphasize data-driven decision-making for capital improvements. Dr. Madison points out that despite the substantial price tag, the district has positioned itself advantageously through innovative financing approaches. 7 CIVIL AND MUNICIPAL VOLUME 06, ISSUE 05 NEW ALBANY-FLOYD COUNTY SCHOOLS (NAFCS)
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