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ERIC Number: EJ798752
Record Type: Journal
Publication Date: 2007-May
Pages: 7
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0003-0945
33rd Annual Official Education Construction Report
Agron, Joe
American School & University, v79 n10 p26 May 2007
Construction spending by education institutions topped $36 billion in 2006. While strong by historical standards, it represents the third consecutive year that total spending on construction dropped from the year before. According to the "American School & University" 33rd annual Official Education Construction Report, total spending on new, addition and retrofit construction by America's school districts and higher-education institutions slowed to $36.6 billion in 2006 from $37.5 billion the year before. While the need for construction continues to be strong, many institutions delayed, reduced in scope, or postponed construction activity because of rapidly rising costs and unforeseen market conditions. Much of the drop in 2006 can be attributed to higher education, as construction spending by colleges and universities dipped to $11.3 billion from $14.5 billion the year before. School districts increased spending on construction to $25.3 billion in 2006, compared with $23 billion put in place in 2005. This article presents education construction data, detailing spending by type of institution; projected spending through 2009; regional spending; per-square-foot and per-student costs; and much more--providing one with benchmark information in planning future projects.
Penton Media Inc. American School & University, P.O. Box 2100, Skokie, IL 60076-7800. Tel: 866-505-7173; Fax: 847-763-9682; e-mail: americanschooluniversity@pbinews.com; Web site: http://asumag.com
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A