Capital improvement


Also found in: Financial.

Capital improvement

An improvement made to real estate that has an extended lifetime and increases the property’s value, such as new construction, rehabilitation, or replacement of mechanical equipment, as opposed to maintenance work.
References in periodicals archive ?
These are--Approximately $16.9 million capital improvement refunding revenue bonds, series 2018A; --Approximately $15.9 million capital improvement refunding revenue bonds, series 2018B; and --Approximately $23.2 million infrastructure sales surtax revenue refunding bonds, series 2018.
The class-A buildings, which were recently purchased by Rugby Realty, are currently undergoing a multimillion capital improvement program.
Clinton and Sterling were among 53 public water systems that received federally-funded Drinking Water Act grants to prepare short-term capital improvement plans for medium to large public water systems.
Work session on electric capital improvement plan update, water capital improvement plan update.
Clearly, as we face declining resource issues, it behooves academic institutions to understand the value of infrastructure in their capital improvement programs.
As buildings and their components age and deteriorate, or suffer at the hands of residents, owners and managers must negotiate agency regulations to obtain approval for capital improvement expenditures and are often forced to raid their reserves for replacements when unexpected expenses, such as carpet repair or replacement, arise.
The San Francisco Airport Commission has approved a five-year $685.3 million Capital Improvement Plan which includes over $81 million in new spending on security enhancements.
WMATA has relied on other federal funding to cover over 40 percent of its capital improvement costs over the last 10 fiscal years.
A presentation was delivered by city of Pasadena Mayor John Manlove regarding that city's capital improvement projects.
MWV also announced a one-time working capital improvement of US $250 million.
Although working capital improvement programs are frequently led by the finance team, working capital management itself is more than a numbers game.

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