A new report from the Canadian Association of University Business Officers (CAUBO) says that Canadian universities face approximately $8.4 B in deferred facilities maintenance, but still have an opportunity to address the backlog before it becomes a critical problem. According to the report, the deferred maintenance costs faced by participating universities have more than doubled since 2000. The report warns PSE leaders that without a significant investment, more than 60% of the space studied in the report will have gone 25 years since its last renewal, and 25% will have gone 50 years. Many of these facilities are described in the report as “mission-critical,” including core research facilities; failing to maintain this vital infrastructure, the report says, could negatively affect teaching and research activities. Fewer than 20% of Canadian universities are on-track to meet necessary stewardship targets. Read more.