Colleges and universities continue to face significant fiscal challenges in the current recession. A review of ongoing campus facilities planning projects, coupled with a review of more than 30 recent campus master planning requests for proposals and the relevant literature, indicates that colleges and universities are finding innovative ways to do more with less in response to this challenging economic environment. This discussion focuses on five economic-driven facilities planning and management strategies that have emerged in the current recession: (1) Defer capital expenditures and reduce facilities operating costs; (2) Increase use of existing instructional facilities; (3) Improve campus sustainability; (4) Adapt to evolving information technology; and (5) Leverage depressed real estate market. Although the recession-driven fiscal challenges motivating these facilities planning and management strategies may be ameliorated through economic recovery, higher education cannot return to the revenue model of the past. The current financial climate has only added urgency to the trend already underway to innovate and to explore alternative campus development approaches that support institutional growth and, in some cases, institutional survival. (Contains 1 figure and 24 notes.)