AIA, Clinton Global Initiative Try to Spark Renewal

The American Institute of Architects has agreed, as part of a partnership with the Clinton Global Initiative, to create a database of worthwhile stalled architectural projects that lack funding, according to a report in AIA’s Architect magazine.

The article says almost two-thirds of architects answering a May 2011 survey by AIA reported they have at least one stalled project on their books because of lack of funding.

AIA and CGI hope the database will encourage industry and investors to understand the scope of the problem and then match funding sources with stalled projects, thus boosting construction jobs and local economies.

A team headed by Kermit Baker, AIA's chief economist, will review submitted projects. In the article, Baker said projects must be energy efficient, must contribute to the health and development of the workforce, and must be economically viable to be included in the database. Sustainable and green building designs may move to the front of the line in terms of investor interest, said Paul Mendelsohn, AIA vice president of government and community relations.

Posted by Jerry Laws on Sep 22, 2011