Tuesday, Nov. 1, 2005
Groundbreaking ceremonies today officially launched the
construction of the 11-acre, $228 million Monroe Park Campus Addition,
the largest project in the history of Virginia Commonwealth University.
campus will be built over the next several years on a tract adjacent to
the Monroe Park Campus, east of Belvidere between Main and Canal streets
The first phase of
the project includes construction of a new School of Business, an
expansion of the School of Engineering, renovation of the historic
Central Belting Building for the VCU Adcenter, the first of two
residential colleges and an underground parking garage.
“This is a
transforming project for Virginia Commonwealth University, our schools
of business and engineering and the City of Richmond,” said VCU
President Eugene P. Trani. “Civic and business leaders have worked hand
in hand with university officials in the planning of this new campus and
its programs, leading to producing graduates with technical and business
savvy who will advance the economic vitality of our community,
commonwealth and country.”
Trani noted that the
new campus is a true public-private partnership. Phase I of the project
is estimated to cost $165 million. The state appropriated $25.3 million
for the project and university funding and income generated from student
housing, parking and food services are estimated to generate more than
$60 million. The remainder, more than $79 million or about half of the
estimated cost, will be funded through private donations to the
campaigns for Business, Engineering and the VCU Adcenter.
campaigns for the schools of business and engineering have reached 75
percent and 87 percent of their goals, respectively. The campaigns were
boosted by $43 million pledged to the campaigns by William and Alice
Goodwin, Jr., and by Steven and Kathie Markel.
The business and
engineering buildings will be joined by a common atrium and student
commons. The new facilities will allow the schools to add about 2,000
square-foot School of Business will include a trading room, tiered
case-study classrooms, team building rooms, an auditorium, a career
center, a corporate education center, faculty offices and a café.
square-foot School of Engineering expansion will include
state-of-the-art lecture halls, more than 60 research and teaching labs,
student meeting and study spaces, classrooms and faculty offices.
Renovations to the
Belting Building for the Adcenter, VCU’s graduate program in
advertising, are expected to be complete in early 2007. The business and
engineering buildings and the 800-car underground parking garage are
targeted for completion in late August 2007. The first 400-bed
residential college is expected to be opened for fall semester 2008.
Construction is not
yet scheduled for Phase II of the project, which will include the second
residential college and an executive conference center.
About VCU and VCU Medical Center
Virginia Commonwealth University is a major, urban public research university with national and international rankings in sponsored research. Located in downtown Richmond, VCU enrolls more than 31,000 students in 226 degree and certificate programs in the arts, sciences and humanities. Sixty-seven of the programs are unique in Virginia, many of them crossing the disciplines of VCU’s 13 schools and one college. MCV Hospitals and the health sciences schools of Virginia Commonwealth University comprise VCU Medical Center, one of the nation’s leading academic medical centers. For more, see www.vcu.edu.