Eligibility
It will cost at least $1 million a year to operate the campus, presuming non-profit real estate tax-exempt status, but recipient should budget $1.5 million per year to maintain existing infrastructure and to both catch up on deferred maintenance. Eligible recipients must be able to demonstrate sufficient resources to maintain the property.
Proposal Requirements
Each proposal should include the following sections:
- A. Executive Summary
- Overview of the proposed project
- Primary objectives and anticipated outcomes
- B. Organizational Information
- Mission
- Financial Resources
- Key team members and partners
- C. Proposed Use and Development Plan
- Description of proposed uses
- Anticipated renovations, new construction, or demolitions
- D. Financial Plan
- Evidence of financing capacity or commitments
- Proposed ownership structure
- Long-term stewardship and management plan
- Conditions under which the Property would revert or be protected
Evaluation Criteria
Proposals will be evaluated based on the following criteria:
- Mission Alignment
- Execution Capacity
- Clarity and Completeness of the Proposal
The Sponsoring Entity reserves the right to request additional information, conduct interviews, or negotiate terms with one or more Respondents.
Detailed surveys, environmental reports, and building condition assessments may be made available to shortlisted Respondents.
