Wartburg College, a small liberal arts college in a small rural town, wanted a new athletic/recreational facility as soon as possible (estimated at $20 to $30 million), but the college believed it would need another 10 years before it could be financed.
Our solution created a mutually beneficial (and legally and financially appropriate) affiliation of private and public entities.
Create a new college facility as quickly as possible.
The college had no funds for the project and estimated it would need 10 years to finance a new facility, plus its debt rating was at the lowest investment grade. And the college limited any solution to use no fund raising, no tuition increase, no tax referendum.
New $30 million facility completed in three years, the largest and most sophisticated for any Division III college in the U.S.
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