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Q&A
CUNY's overall capital needs and funding challenges
1:08:16
·
80 sec
CUNY COO Hector Batista addresses the overall capital needs and funding challenges faced by the university system:
- CUNY has identified a total capital need of approximately $6.2 billion for state of good repair across all campuses.
- The current five-year plan only provides about $1.3 billion, highlighting a significant funding gap.
- CUNY is prioritizing projects strategically to address the most critical facility challenges within budget constraints.
- The $30 million project for York College is described as critical and connected to addressing foundation issues.
- Batista emphasizes the need to address immediate problems while working towards larger, long-term solutions.
- The remarks provide context for why certain projects are prioritized and the overall financial constraints CUNY faces in maintaining its infrastructure.
Hector Batista
1:08:16
Well thank you and thank you for being such an advocate on behalf of York.
1:08:20
I I will say this to you a couple of things.
1:08:21
Number one, we the $30,000,000 project.
1:08:25
One of the things that our vice chancellor of facility manager has done is kinda look at budgets and projects that where we had excess the project came under budget or resources weren't allocated.
1:08:39
We're now using a strategy to reallocate those resources because those are resources that are available.
1:08:44
And we're prioritizing projects within colleges across It's safe to say that as part of the the ongoing problems that assisted with the water, this project, the $30,000,000 is a critical project and it's connected to the foundation.
1:09:01
Right?
1:09:02
We gotta address this issue in order to begin to address the larger problem.
1:09:06
Second, I think the larger CUNY overall has a in its capital, in the state of good repair, we have a need for about $6,200,000,000.
1:09:17
We get about 1,300,000,000.0 a year.
1:09:19
I mean, in the five year plan.
1:09:21
And so we in order for us to be able we need to address things in in a strategic way to begin to address, the facility challenges.
1:09:32
Yes.
1:09:33
It is a priority for us, but it is a it's a it's a big number.