Read the original story here in The Oregonian.
An $8 million gift from an anonymous donor puts Portland State University closer to nearly tripling the size of its School of Business Administration.
The gift, announced by PSU on Friday, will be used to help pay for a $60 million renovation and expansion of the existing business building. University officials are hopeful the state Legislature will provide $40 million for the work, and PSU is expected to raise $20 million. With the recent gift, from a alum who earned a master's of business administration at PSU and his wife, the university now has commitments for about $13.2 million and has less than $7 million left to raise.
Other donations have come from companies and foundations such as Tektronix, The Ralph and Bunny Schlesinger Foundation, and Moss Adams.
The School of Business Administration has about 3,000 students, making it the largest business school in Oregon. Students now attend classes at multiple locations across campus. The work will add new classrooms, auditoriums, event space, offices, study rooms and common areas, according to PSU.
In a prepared statement, business school Dean Scott Dawson said, "The new building will, for the first time, allow us to create a true business community with the benefits that come from all being under one roof."
The existing business school space is 52,000 square feet. Construction will add 42,000 square feet, and 53,000 square feet now used by the College of Education will be remodeled. The education college will be relocated. Construction is scheduled to begin in January 2015 and be finished by the fall of 2016.