655ba9845192a2001e8691a3 Ut System

University of Texas regents approve funds for $425 million business school facility

Nov. 20, 2023
The university is expected to begin construction in 2024 on the 10-story facility for the McCombs School of Business.

The University of Texas System Board of Regents has agreed to advance planning for a $425 million facility to house the McCombs School of Business.

The Austin American-Statesman reports that the proposed 10-story building in Austin would be built next to Robert B. Rowling Hall, UT’s graduate business facility, and will include an underground parking area, classrooms, faculty and administrative offices, student collaborative spaces, a career center and an event area.

The regents have signed off on the total project cost as well as the design development for the first phase, and appropriated funding for that work.

University President Jay Hartzell applauded the board's approval for the new business school facility. About 5,000 undergraduate students are business majors, and the new building will enable the university to accommodate the school's growth.

“This will let us design classrooms for the way students are learning business today,” Hartzell said. 

About the Author

Mike Kennedy | Senior Editor

Mike Kennedy has been writing about education for American School & University since 1999. He also has reported on schools and other topics for The Chicago Tribune, The Kansas City Star, The Kansas City Times and City News Bureau of Chicago. He is a graduate of Michigan State University.

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