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Bachelor of Commerce (Digital Marketing) - Postsecondary ...

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E. Capital Projects (Policy D-12)<br />

E.2 Capital Projects (cont’d)<br />

Detailed planning is well underway with College stakeholder groups and external<br />

consultants. Interior demolition activities have commenced in advance <strong>of</strong> renovations in<br />

order to clear the way for renovation activities once plans are finalized and tendering<br />

completed. The City <strong>of</strong> London’s plans to redevelop the Market Lane in time for the 2013<br />

World Figure Skating Championships are occurring concurrently with the College’s<br />

development plans. The City and their consultants meet regularly with the College and our<br />

consultants to explore opportunities, coordinate construction details and plan construction<br />

activities in order to minimize impacts <strong>of</strong> one project or the other. The College is continuing<br />

to plan towards opening Phase 1 to students in September 2013.<br />

i) Property Acquisition/Development - This element <strong>of</strong> the Capital Projects Plan is a<br />

resource for the College to create capacity within our Plan to leverage future government<br />

grants, fundraising contributions, etc. in support <strong>of</strong> acquiring additional property or the<br />

development <strong>of</strong> new facilities consistent with the Long-Term Facilities/Properties Planning<br />

and Campus Master Plan. In February 2012 the Board received (in-camera) an update to<br />

the College’s Long-Term Facilities/Properties Planning and Campus Master Planning (Policy<br />

D-11) annual monitoring report. A number <strong>of</strong> possible property acquisitions/developments<br />

were outlined for the Board’s information and consideration. The $10.18 million may be used<br />

to support property acquisition in the months ahead, subject to associated Board approvals.<br />

In keeping with the intended use <strong>of</strong> this resource, this Capital Plan report has transferred $4<br />

million from this project to the Aerospace Canada International (Phase 1) project to partially<br />

cover anticipated costs associated with the establishment <strong>of</strong> that facility at 2 Cuddy Court in<br />

London.<br />

j) Aerospace Canada International (Phase 1) - With Board approval, the College acquired<br />

the 2 Cuddy Court, London property in February 2010 to meet the immediate storage needs<br />

necessitated by the CATT project and to provide longer-term capacity for future aviation<br />

related programming.<br />

A unique combination <strong>of</strong> factors came together three years ago providing the College with<br />

an opportunity to <strong>of</strong>fer aviation-related technology programming at our London Campus.<br />

Fanshawe partnered with Sault College to relocate an aviation technology program and<br />

equipment from Sault Ste. Marie to London. At the same time, with pressure from many<br />

local employers and agencies to provide graduates in a variety <strong>of</strong> aviation-related fields, the<br />

College began working to expand the range <strong>of</strong> aviation programs <strong>of</strong>fered. While some<br />

aviation programming is now <strong>of</strong>fered at the new CATT, this is a short term solution and to<br />

meet employer and student demand for aviation programming going forward, the College<br />

intends to commence planning shortly to shift aviation program delivery to facilities to be<br />

renovated at 2 Cuddy Court. Alternate sources <strong>of</strong> financing are being explored to <strong>of</strong>fset<br />

costs <strong>of</strong> future phases <strong>of</strong> this project, with differentiated international and domestic tuition<br />

fees likely contributing a significant portion <strong>of</strong> these funds.<br />

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