CSU, C. Wayne McIlwraith Translational Medicine Institute

CSU, C. Wayne McIlwraith Translational Medicine Institute

The C. Wayne McIlwraith Translational Medicine Institute structure represents a first-of-its-kind business arrangement for Colorado State University to manage the facility. CSU currently has extensive facilities staff dedicated to campus building operations and maintenance, and that staff is fully engaged with construction-related growth on campus. Instead of hiring new staff to take on the needs of the new building, the university entered into a public-private partnership — dubbed a P3 — with TPG, a development firm with offices in Nebraska and Fort Collins. TPG specializes in implementing innovative and fiscally responsible real estate and construction solutions.
 
Under a P3,  a private company is engaged to manage facilities on public land. TPG along with TCEP and JE are designing and will build the new institute; once it is completed, TPG will handle general building maintenance and operations for 30 years. CSU’s P3 contract is a long-term facilities strategy to enable the university’s land-grant mission, with TPG having future opportunities that could include financing, planning, design, construction and maintenance.
 
The new partnership will deliver cost savings to the university in maintaining the new building, and keep the facilities maintenance staff focused on current buildings. In addition, the innovative approach provides better value through a life-cycle approach that incorporates maintenance and operation considerations from design through construction.