#deferred-maintenance

#deferred-maintenance

When Congress created the Presidio Trust in 1996, it provided federal money to aid the property's transition from an Army base but required it to become financially independent by 2013.

The city's Park and Recreation Department is seeking new funding solutions to address a $700 million maintenance backlog while expanding parkland without adequate resources.

Running out of cash can lead to chaotic closures; financial awareness and liquidity are critical for struggling institutions facing potential sell-off or closure.

A survey of tribal colleges and universities revealed severe infrastructure issues, including leaky roofs and burst pipes, exacerbated by inadequate federal funding leading to critical maintenance backlogs.