All ¹ÏÉñÍø buildings, space, and land, regardless of fund source or location, belong to the University as a whole and are subject to assignment and reassignment by the Executive Vice President for Administration and Finance to meet the overall needs and best interest of the institution. Long-range planning for optimum use of these valuable University assets is a continuing process.
Similar to other essential components such as personnel, financial support, and equipment, it is recognized that space is finite, and that the creation of new space is a slow and expensive process, which is not always possible. Therefore, decisions regarding space need to be made within the context of utilizing existing resources in the most effective manner possible. As a result, the assignment and reallocation of space needs to be accomplished thoughtfully and in accordance with policies and criteria that meet the needs of a unit’s current and future mission and programs. The decision-making process needs to consider the special needs and unique differences among academic units, colleges, and administration.
At ¹ÏÉñÍø, facilities and space are viewed as institutional assets and critical resources, which must be assigned, developed, and managed in response to the institution’s mission, programs, and strategic objectives. Use of space resources is reviewed by the State Council on Higher Education of Virginia (SCHEV). How efficiently ¹ÏÉñÍø utilizes facilities and space assets is a significant variable in SCHEV’s capital funding decisions.