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E. Capital Projects (Policy D-12)
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E.2 Capital Projects (cont’d)
n) Capital Reserve (closing balance) - The adjusted balance of the Capital Reserve (which is
an allocation of the Accumulated Operating Fund that enables the College to provide for
future capital improvements as defined in Board Policy D-10 (Financial Condition)), net of
the UIR.
o) Campus Master Planning Priorities (Unfunded) - The College’s Campus Master Plan
anticipates a number of major capital projects over the next few years. Additional sources of
financing from government grants, fundraising, College operating and third party financing
will be necessary to cover development costs. Sources of financing will have to be identified
before any of these projects can proceed.
In June 2010, the Board was advised that in response to an MTCU request for the College’s
Long-Term Capital Planning needs, the College submitted a report outlining our highest
capital project priorities. In March 2011 an update to this Plan was submitted to MTCU.
Fanshawe’s Plan includes the following in priority order:
(i) C-Building Redevelopment
(ii) School of Applied and Performance Arts (Phase 2)
(iii) Integrated Learning Centre (Library/Learning Commons)
(iv) Oxford County Campus Expansion (Woodstock)
(v) Academic/Service Building
(vi) London Psychiatric Hospital (IO) Property
(vii) Centre for Advanced Manufacturing
(viii) Aerospace Canada International (Phase 2)
(ix) Wellness/Fitness Centre
The top four priority projects included detailed proposals. Further details for all Campus
Master Planning Priorities are outlined below.
(i)
C-Building Redevelopment - C-Building, a single-storey, high-bay facility for
automotive technology programming, has impeded westerly campus development
for decades. With the recent opening of the new Centre for Applied Transportation
Technologies (CATT, Z-Building), and the relocation of existing C-Building based
transportation programming to the CATT, the majority of C-Building has become
vacant and available for repurposing. Consistent with the London Campus Master
Plan, redeveloping and repurposing C-Building provides a strategic, sustainabilityfriendly
opportunity to shift the College’s development towards the west and better
utilize existing, scarce College land resources. Near the centre of the London
Campus, the 9,290 gross square meter (100,000 gross square foot) building
footprint is well-suited for the development of a new multi-storey, multi-purpose
facility to accommodate the short-term as well as the longer-term academic and
administrative requirements of the College, which may include academic
programming spaces, including classrooms, lecture theatres and laboratories,
facilities for applied research, as well as a 1,000-seat lecture theatre/auditorium
(for graduation, etc.) and academic and service office administration space. In
March 2011 the project was divided into three phases and resubmitted to MTCU as
an update to the College’s Ten Year Capital Plan. The first phase is for $38 million
in provincial funding. In the meantime, while waiting for funding for either the full
redevelopment project or the first phase only, planning is underway for interim
renovations and re-adaptations required in the short term to help partially address
space constraints across the London Campus.