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Educational Settlement Finance

Giovanni Paolo Panini, An architectural capriccio with figures among Roman ruins

The post-pandemic #WiseCampus transformation requires significant capital to meet the sustainability goals of its leadership.  Campuses are cities-within-cities and are, to a fair degree, financed in a similar fashion.  Tax-free bonds are an effective instrument for school districts, colleges and universities — and the host community in which they are nested — for raising capital for infrastructure projects while also providing investors with, say $10,000 to $100,000, to allocate toward a tax-free dividend income stream that produces a return in the range of 2 to 8 percent annually.

An aging population may be receptive to investment opportunities that protect their retirement savings from taxation.

Once a month, we walk through the prospectuses of one or two bond offerings of school districts, colleges and universities and examine offering specifics regarding infrastructure construction, operations and maintenance.  We pay particular attention to details regarding “continuing operations”. Somehow the education industry has to pay for its green agenda.  See our CALENDAR for the next Finance colloquium; open to everyone.

The interactive map provided by Electronic Municipal Market Access identifies state-by-state listings of tax-free bonds that contribute to the construction and operation of education facilities; some of which involved university-affiliated medical research and healthcare delivery enterprises.

CLICK ON IMAGE FOR INTERACTIVE MAP

 

If you need help cutting through this list please feel free to click in any day at 11 AM Eastern time.  Use the login credentials at the upper right of our hope page.  We collaborate with subject matter experts at Municipal Analytics and UBS.

Issue: [Various]

Category: Administration & Management, Finance, #SmartCampus

Colleagues: Mike Anthony, John Kaczor, Liberty Ziegahn

*We see the pandemic as a driver for a step-reduction in cost in all dimensions of education communities.  We coined the term with a hashtag about two years ago.

*College and university infrastructure projects are classified with public school districts under the rubric “municipal bonds” at the moment.  CLICK HERE for more information.

 

More:

Duke Law Review:  Don’t ‘Screw Joe the Plummer’: The Sausage-Making of Financial Reform

An Expanded Study of School Bond Elections in Michigan

Architect students building a playground

Om SIS

 

Sweden

Student Publications

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Plumbing Up

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Global Consistency in Presenting Construction & Life Cycle Costs

Research from the World Economic Forum has shown that improvements in the design and construction process can be achieved by using international standards like ICMS to gain comparable and consistent data. ICMS provides a high-level structure and format for classifying, defining, measuring, recording, analysing and presenting construction and other life-cycle costs.

CLICK ON IMAGE


Historic Buildings

2024 / 2025 / 2026 Code Development: Group B (2025)

Complete Monograph (2630 pages)

Notre-Dame de Paris “Our Lady of Paris” Wikimedia Commons

International Existing Building Code: Chapter 12 Historic Buildings

2024/2025/2026 ICC CODE DEVELOPMENT SCHEDULE

Notre-Dame de Paris “Our Lady of Paris” Wikimedia Commons

2024/2025/2026 ICC CODE DEVELOPMENT SCHEDULE

LIVE: I-Code Groups Public Comment Hearings

Alumni Memorial Hall 1908

Michigan Central

Vogue: Beaux Arts Architecture | Donaldson and Meier Architects

Alumni Memorial Hall was built as a war memorial and multi-purpose alumni building — not originally as an art museum; though it became — and still is — a gathering point for alumni who donated their collections to the University.  Its inspiration originated in 1864 shortly after the Civil War, to honor University of Michigan students, faculty, and alumni who died in that conflict and all conflicts thereafter.

 

Cultural Resource Properties

Museum Collections Security

Sacred Spaces

ICC 300 Bleachers, Folding Seating, Grandstands

COMPLETE MONOGRAPH: 2024 GROUP A PROPOSED CHANGES TO THE I-CODES

“View of the Colosseum” 1747 Giovanni Paolo Panini

 

Play is the making of civilization—how one plays the game

more to the point than whether the game is won or lost.

 

The purpose of this standard is to establish the minimum requirements to safeguard health, safety and general welfare through structural strength, means of egress facilities, stability and safety to life and property relative to the construction, alteration, repair, operation and maintenance of new and existing temporary and permanent bench bleacher, folding and telescopic seating and grandstands.  This standard is intended for adoption by government agencies and organizations setting model codes to achieve uniformity in technical design criteria in building codes and other regulations.

FREE ACCESS: Standard on Bleachers, Folding and Telescopic Seating, and Grandstands

We are tracking the changes in the transcripts linked below:

ICC 300-2020 edition Public Input Agenda – January 2022

ICC 300-2017 edition Public Comment Draft – October 2017

Consensus Committee on Bleacher Safety (IS-BLE)

This title is on the standing agenda of our Sport, Olahraga (Indonesian), رياضة (Arabic), colloquia.   You are welcomed to join us any day at with the login credentials at the upper right of our home page.

2024/2025/2026 ICC CODE DEVELOPMENT SCHEDULE

Virtual reality technology in evacuation simulation of sport stadiums

National Center for Spectator Sports Safety and Security

Code of Practice for Emergency Sound Systems at Sports Venues

 

Posted December 6, 2019

At the April International Code Council Group A Hearings there were three candidate code changes related to the safety standard of care for athletic venues:

E104-18 (§ 1017 regarding exit travel distances) | PDF Page 218 of the Complete Monograph

F9-18 (§ 304 regarding spaces under bleachers) | PDF Page 1021 of the Complete Monograph

F135-18 (§ 907 regarding communication systems for open air bleachers) | PDF Page 1296 of the Complete Monograph

These concepts will likely be coordinated with another ICC regulatory product — ICC 300 – Standard on Bleachers, Folding and Telescopic Seating, and Grandstands — covered here previously.   ICC 300 is a separate document but some of the safety concepts track through both.

The ICC Public Comment Hearings on Group A comments in Richmond Virginia ended a few days ago (CLICK HERE).   The balloting is being processed by the appropriate committee and will be released soon.  For the moment, we are happy to walk through the proposed changes – that will become part of the 2021 International Building Code — any day at 11 AM Eastern time.   We will walk through all athletic and recreation enterprise codes and standards on Friday, November 2nd, 11 AM Eastern time.   For access to either teleconference, click on the LIVE Link at the upper right corner of our home page.

Issue: [15-283]

Category: Athletics & Recreation, Architectural, Public Safety

Contact: Mike Anthony, Richard Robben, Jack Janveja

Link to our ICC Workspace

LEARN MORE:

 

Posted October 19, 2017

The International Code Council has launched a new revision cycle for its consensus document — ICC 300 – Standard on Bleachers, Folding and Telescopic Seating, and Grandstands.  The purpose of the effort is the development of appropriate, reasonable, and enforceable model health and safety provisions for new and existing installations of all types of bleachers and bleacher-type seating, including fixed and folding bleachers for indoor, outdoor, temporary, and permanent installations. Such provisions would serve as a model for adoption and use by enforcement agencies at all levels of government in the interest of national uniformity.

Comments are due December 4th.  The document is free.  You may obtain an electronic copy from: https://www.iccsafe.org/codes-techsupport/standards/is-ble/.  Comments may be sent to Edward Wirtschoreck, (888) 422-7233, ewirtschoreck@iccsafe with copy to psa@ansi.org)

* With some authority, we can claim that without Standards Michigan, many education industry trade associations would not be as involved in asserting the interest of facility managers in global consensus standards development processes.   See ABOUT.   

Building Structural Maintenance

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Any multi-story building requires inspection and maintenance of structural steel framework. The steel supports the building’s weight and resists environmental forces like wind and seismic activity. Over time, corrosion, fatigue cracks, or connection failures can weaken the structure, risking collapse. Inspections detect these issues early, while maintenance, like repainting or replacing damaged parts, preserves steel integrity. For student housing, occupant safety is critical, and compliance with building codes reduces liability risks. Neglecting these practices can lead to structural failure, endangering residents and causing costly repairs or legal issues. Regular upkeep ensures safe, long-lasting buildings.
During today’s session we examine the relevant standards with proposed revisions open for public comment.  Use the login credentials at the upper right of our home page.
φ
No single universal code or standard guarantees that buildings will never crack or fail structurally, as structural integrity depends on various factors like design, materials, construction quality, environmental conditions, and maintenance. However, several widely adopted codes and standards aim to minimize the risk of structural failure and ensure safety, durability, and serviceability. These provide guidelines for design, construction, and maintenance to prevent issues like cracking or catastrophic failure.
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Key Codes and Standards:

International Building Code (IBC): Widely used in the United States and other regions, the IBC sets minimum requirements for structural design, materials, and maintenance to ensure safety and performance.  It references standards like ASCE 7 (Minimum Design Loads and Associated Criteria for Buildings and Other Structures) for load calculations (e.g., wind, seismic, snow).Maintenance provisions require regular inspections and repairs to address issues like cracking or deterioration.

ACI 318 (Building Code Requirements for Structural Concrete): Published by the American Concrete Institute this standard governs the design and construction of concrete structures.Includes requirements to control cracking (e.g., reinforcement detailing, concrete mix design) and ensure durability under environmental exposure.Maintenance guidelines recommend periodic inspections for cracks, spalling, or reinforcement corrosion.

AISC 360 (Specification for Structural Steel Buildings): Published by the American Institute of Steel Construction, this standard covers the design, fabrication, and erection of steel structures.  Addresses fatigue, connection design, and corrosion protection to prevent structural failure. Maintenance involves inspecting for issues like weld imperfections or coating degradation.

ASCE/SEI 41-17 (Seismic Evaluation and Retrofit of Existing Buildings):  Focuses on assessing and maintaining existing structures, particularly for seismic performance.  Guides retrofitting to address vulnerabilities like cracking or inadequate load paths.
Maintenance Standards
  • ACI 562 (Assessment, Repair, and Rehabilitation of Existing Concrete Structures):
    • Provides a framework for evaluating and repairing concrete structures to address cracking, spalling, or other damage.
    • Emphasizes regular inspections and timely repairs to maintain structural integrity.
  • NACE/SP0108 (Corrosion Control of Offshore Structures):
    • Covers maintenance practices to prevent corrosion-related failures in steel structures.
  • ASTM E2270 (Standard Practice for Periodic Inspection of Building Facades):
    • Outlines procedures for inspecting facades to identify cracking, water infiltration, or other issues that could lead to structural problems.

IEEE: Structural Health Monitoring system based on strain gauge enabled wireless sensor nodes

Steel research in the steel city

Researchers Make Wood Stronger than Steel

Concrete Matters

Storm Shelters

Current Code Development Cycle: 2024–2026

Happening Now: Groups A&B Public Comment Hearings

March 12, 2026

 

2024 GROUP A PROPOSED CHANGES TO THE I-CODES

Latest News and Documents

“Landscape between Storms” 1841 Auguste Renoir

 

When is it ever NOT storm season somewhere in the United States; with several hundred schools, colleges and universities in the path of them? Hurricanes also spawn tornadoes. This title sets the standard of care for safety, resilience and recovery when education community structures are used for shelter and recovery.  The most recently published edition of the joint work results of the International Code Council and the ASCE Structural Engineering Institute SEI-7 is linked below:

2020 ICC/NSSA 500 Standard for the Design and Construction of Storm Shelters.

Given the historic tornados in the American Midwest this weekend, its relevance is plain.  From the project prospectus:

The objective of this Standard is to provide technical design and performance criteria that will facilitate and promote the design, construction, and installation of safe, reliable, and economical storm shelters to protect the public. It is intended that this Standard be used by design professionals; storm shelter designers, manufacturers, and constructors; building officials; and emergency management personnel and government officials to ensure that storm shelters provide a consistently high level of protection to the sheltered public.

This project runs roughly in tandem with the ASCE Structural Engineering Institute SEI-17 which has recently updated its content management system and presented challenges to anyone who attempts to find the content where it used to be before the website overhaul.    In the intervening time, we direct stakeholders to the link to actual text (above) and remind education facility managers and their architectural/engineering consultants that the ICC Code Development process is open to everyone.

The ICC receives public response to proposed changes to titles in its catalog at the link below:

Standards Public Forms

2024/2025/2026 ICC CODE DEVELOPMENT SCHEDULE

You are encouraged to communicate with Kimberly Paarlberg (kpaarlberg@iccsafe.org) for detailed, up to the moment information.  When the content is curated by ICC staff it is made available at the link below:

ICC cdpACCESS

We maintain this title on the agenda of our periodic Disaster colloquia which approach this title from the point of view of education community facility managers who collaborate with structual engineers, architects and emergency management functionaries..   See our CALENDAR for the next online meeting, open to everyone.

Readings:

FEMA: Highlights of ICC 500-2020

ICC 500-2020 Standard and Commentary: ICC/NSSA Design and Construction of Storm Shelters

IEEE: City Geospatial Dashboard: IoT and Big Data Analytics for Geospatial Solutions Provider in Disaster Management

 

 

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