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  "documentTitle": "5 March 2015 McKinsey BPS Operational Review Steering Committee Working",
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  "presentationDate": "2015-03-01 00:00:00",
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  "notes": "RFP 25 context; highlights the disconnect between declining enrollment and static building footprint.",
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      "kind": "list",
      "text": "Strengths: Master plan on track to select vendor; New plan will also look at BPS financing directly",
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      "text": "Rough estimates that current schools stock requires between $3 and $4B in renovation; 12M square feet of buildings in BPS system (3/4 of all city square footage), with little scaling back of footprint despite declining enrollment over decades",
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      "text": "District footprint: The district has lost ~10K students (1/6 of enrollment) in the last 20 years, but still operates the same number of buildings; Master plan has to ensure that investments are not being made on buildings that potentially no longer be part of the BPS portfolio",
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      "text": "Challenges: No facility renewal plan; No data tracking; Back of the envelope estimates point towards $4B in needed renovation; Building financing has historically been done through the city",
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      "text": "Source: Interviews with BPS and City staff as well as BPS data",
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