Texas Tech is moving closer to Chancellor Kent Hance's master plan of growth. In a ceremony Saturday morning, Tech's Rawls School of Business kicked off a capital campaign to raise money for a new, state of the art business school that the chancellor calls "The future cornerstone of the north side of campus."
The chancellor himself began to demolition of Thompson Hall to make way for the new school.
"What we're all about here is building a facility here that is going to attract the brightest faculty and the brightest students that you can imagine," said Allen McInnes, Dean of the Rawls School of Business.
To help attract the brightest of the bright, the school will spend $70 million to build the new facility.
"Our building is going to be three stories, approximately 140,000 square feet and we're going to have plenty of parking," McInnes said.
Of that $70 million, the school is using $30 million of its own funds with hopes of raising the rest.
"This is going to be a real leading edge building with regard to technology, with regard to energy," added the McInnes.
It will be the first "green" building on campus and the second green building in Lubbock. Green meaning it will be environmentally friendly with the latest technology in solar and wind energy powering the building.
"In 10 years this will be the corner stone of Texas Tech University on the northern side of our campus just like Broadway and University is on the eastern side of our campus," said Chancellor Kent Hance.
The project is expected to take about two years with the opening slated for 2011.
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