The market for school rehabs and modernization has plenty of room for growth. The National Education Association estimates more than $300 billion is needed to modernize and repair school buildings nationwide. The Society of Civil Engineers gave American schools an overall grade of “D.” According to the American Society of Civil Engineers’ 2009 Report Card for American Infrastructure, the group estimated the nation’s schools were in need of at least $160 billion in five-year reconstructionfunding, with only $125 billion in work likely to occur.
An area in upstate New York is typical of the need cited by these groups. According to a state report, in the Rochester area, the Pittsford Central School District says it needs $84 million for upgrades and repairs; the Gates Chili Central School District needs $146 million; and Monroe County needs $1 billion.