… half of what our peers have been investing in terms of gross square footage for academic and research space. For every $3 we invested, they on average invested $6. And Our current estimate for deferred maintenance alone is $2.1 billion and growing, and that's escalated from $1.5 billion just four years ago. So we badly need to keep investing in facilities now. The College of Engineering, as I think, I hope almost everybody in this room already knows, is one place where we're hoping to do just that. (15:20–15:31)
CLAIM
Asserts that deferred maintenance costs have increased from $1.5 billion to $2.1 billion in four years.
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