That project designed by Bruder on the S.E. Mill & University would be offically dead since that was where they were planning to move the business school.
New business, nursing buildings approved
by Daniel Newhauser
published on Friday, January 25, 2008
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Two key proposals were unanimously approved on Thursday that may result in the expansion of ASU facilities both in Tempe and Downtown Phoenix.
At its Jan. 24 meeting at UA, the Arizona Board of Regents, the governing body of Arizona's public universities, gave ASU consent to proceed with preliminary planning for a new 370,000-square-foot, $150 million building for the W.P. Carey School of Business in Tempe. The site of the building will be where tennis courts are currently located, north of the Student Recreation Complex.
"We need a new set of facilities [with] better classrooms, better learning environment, better social environment for the students to hang out," said ASU President Michael Crow. "Also, the school's bigger, so there's more space for the faculty and staff."
Carey School Executive Dean Phil Regier said the lack of improvements to the business school during the last two decades have put them at a competitive disadvantage.
"We want to be a world-class business school and we need facilities that display that," Regier said.
He said the current structure is too small and is cramping students, professors and researchers.
Regier said he hopes to break ground on the new school within two years and move in within four.
However, for planning to be allowed to continue beyond its initial stages, $50 million will first need to be gathered from private and business donations, said Ernest Calderón, regent and chair of the Capital Committee.
"Every time Dr. Crow has said he's going to raise the money, he's done it," Calderón said.
Crow said the likelihood of finding the donors is high, but added, "We're not there yet."
The remaining $100 million in building costs will be split between ASU and the business school itself. Money will likely be drawn from out-of-state ASU student fees and MBA night school student tuition, said Calderón.
However, Crow said undergraduate tuition will not be affected.
The Regents also approved the lease of space in Phoenix to erect a new 84,000-square-foot building for the College of Nursing and Healthcare Innovation.
"There's a nursing shortage," Calderón said. "So that's a good thing to have."
What is set to be the third nursing school building in Phoenix will make use of the last of the 2004 bonds allotted to expand ASU to its Downtown campus — a total of $19 million.
That money, however, would have only provided for a three-story building, Crow said, and the city of Phoenix preferred that a higher structure occupy their downtown real estate.
To compromise, Phoenix has put up an extra $10 million to finance the construction of two extra floors. In exchange, the city plans to lease out the top floor to non-ASU tenants.
After the nursing school has expanded to a sufficient number of students, Crow added, ASU will occupy the final floor.
The building is set to open in 2009.
http://www.asuwebdevil.com/issues/2008/01/25/news/703266
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Agreed! WP Carey students already pay a $250 per semester premium fee to be in the program.
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