Maintaining a newer campus such as ours, a complex, technologically advanced and finely tuned facility of almost 100,000 square feet, demands considerable expertise and commitment. Because we know that routine and unexpected maintenance demands are bound to arise, Vail Mountain School must proactively develop and implement a plan for dealing with these inevitabilities. Facilities maintenance affects the physical, educational, and financial foundation of the school and should, therefore, be a focus of both its day-to-day operations and long-range management priorities.
To that end, we conducted a facilities audit last year to determine the projected needs of our campus over the next ten years. The audit recommended the expenditure of approximately $1.1 million of upgrades and improvements between now and 2025. That includes the replacement of our artificial turf field, as well as numerous infrastructure and aesthetic enhancements such as carpeting and painting. Best practice also requires us to establish a facilities reserve fund of at least 2-3% of the replacement value of our existing buildings, approximately another $1 million, over the next five years.
In addition to the aforementioned maintenance and replacement of existing infrastructures, we are also looking forward to the needs of our 21st century learners. We intend to rethink and update spaces by redesigning age and subject appropriate collaborative classrooms, by embedding more technology engagement opportunities, and by repurposing our library into a state-of-the-art learning and collaborative media center with flexible and inviting work environments.
Lastly, our five-year vision also calls for the development of a new real estate strategy. We will explore long term options that could allow us to offer boarding opportunities for domestic and international guest students. We will build or acquire housing near campus for the head of school, a board-driven initiative that will help us continue to attract top leadership. There will also be a thorough examination of how to best utilize and leverage our existing land assets for summer camps, afterschool enrichment academies, and other community uses of our campus.
When maintaining a school, we pay not only for bricks and mortar, but also student and staff well-being. Effective school maintenance and forward thinking enhancements for 21century learning protect our capital investment, ensures the health and safety of our students, and supports educational programming and student performance.