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Resource ID: #25931
Subject: Education
Source: The Hechinger Report
Affiliation: 
Date: April 2, 2012

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Description

An unprecedented multibillion-dollar building boom is under way at U.S. universities and colleges—despite budget shortfalls, endowment declines and seemingly stretched resources. Some $11 billion in new facilities have sprung up on American campuses in each of the last two years—more than double what was spent on buildings a decade ago, according to the market-research firm McGraw-Hill Construction—even as schools are under pressure to contain costs.

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