Purdue University's board of trustees has approved plans for a 164,000-square-foot building on the West Lafayette, Indiana, campus for the Mitchell E. Daniels, Jr. School of Business.
The university says the facility will provide modern teaching and research labs for financial trading, data visualization, behavioral research and experiential learning. The building will feature one floor below ground and five above ground, as well as mechanical space on the sixth floor.
The building will feature three large general-purpose classrooms — one accommodating 500 students and two accommodating 250 students apiece.
The new facility will be the second-largest classroom building on the Purdue campus, behind only the Wilmeth Active Learning Center.
The Daniels School is expected to enroll 4,000 students in fall 2024, up more than 1,600 students from five years ago.
As part of the project, a portion of the first floor of the adjacent Krannert Building will be renovated. The nearby Krannert Center for Executive Education and Research and the Wesley Foundation facilities will be demolished.
Construction is scheduled to begin in July 2024 and be completed in April 2027. The estimated total project cost of $168 million will be financed by gift funds.
