Business (School) Is Booming
You may want to stay away from Martin Luther King Jr. Boulevard for a few years. Just weeks after ground broke on the new University of Texas medical school, UT announced today that it will soon kick off additional construction a few blocks west at the corner of Martin Luther King Jr. Boulevard and Guadalupe Street.
The prestigious McCombs School of Business is set to start construction on a 458,000-square-foot building to accompany its current building on Speedway and 21st Street. Named after Robert and Terry Hennersdorf Rowling, both of whom received their BBAs from McCombs in 1976, Rowling Hall will house the graduate portion of the business program.
"Rowling Hall will serve as a hub for graduate students to meet with peers, faculty, recruiters and members of the business community to openly exchange ideas, network and work in teams, just as they will in the business world," said Thomas Gilligan, dean of the McCombs School.
The new building — which will mean the end of the Schlotzsky's/Cinnabon that currently calls that lot home — will serve as the "gateway to campus" along with the AT&T Conference Center next door.
Construction is set to begin this fall, and is projected to continue through 2017. Total cost is $172 million, $25 million of which was donated by the Rowling family. According to a press release, $58.25 million was raised through private donations and corporate gifts.