What Was the Estimated Cost for Meeting the S&E Research Facilities Needs of Colleges and Universities?
If the additional S&E research space institutions reported needing were constructed, and if the current space that required major renovation or replacement were renovated or replaced, the estimated cost of meeting an unmet need would be roughly $8.0 billion (Table E-3). Table E-3 shows that institutions reported that approximately 19.7 million NASF needed major renovation or replacement, and that such work was not scheduled. An additional 10.8 million NASF in new construction was reported needed to meet existing program commitments. To derive an estimate of cost for S&E research space needs, an average repair/renovation cost of $230 per NASF was multiplied by the estimate of space needing repair/renovation; and an average new construction cost of $325 per NASF [1] was multiplied by space requiring construction. An estimate of $8.0 billion of combined need for new S&E research space and major renovation to existing space was the result (Table E-3) [2]. This estimate is fairly close to t
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