A $15 million commitment from Raymond J. Harbert, 1982 graduate, matched by $15 million from Auburn University, will fund the construction of a second business building on Auburn's campus, according to a University release.
Lowder Hall will remain the administrative hub of the Harbert College, but the unnamed second facility will accommodate needs that did not exist when the original business building opened in 1992, the release states. The Board of Trustees approved the project at its meeting today.
"We are incredibly grateful to Raymond and Kathryn Harbert for their very significant ongoing philanthropic investment in Auburn University," said Jane DiFolco Parker, vice president for development and president of the Auburn University Foundation. "Their generosity has created tremendous opportunities for the Harbert College of Business and this recent gift will advance its position as one of the nation's premier business schools."
The planned building will have approximately 80,000 square feet of classroom and meeting space.
Plans for the five-story building include several adaptable classroom spaces, an auditorium, an "ideation lab," breakout rooms for collaborative projects, an executive board room and a rooftop terrace, the release states.
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