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Business School Growth & Development

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Role of business schools has changed
• Growth & development
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Business schools in Virginia
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Virginia Business
January 2006

William & Mary business school named for Legg Mason president
The College of William & Mary has renamed its business school as the Mason School of Business, in honor of alumnus and long time supporter Raymond A. “Chip” Mason, the president and CEO of Baltimore-based Legg Mason Inc. Mason is a 1959 graduate of William & Mary and was instrumental in the creation of the William & Mary School of Business in 1967.

Mason has made substantial gifts to the school over the years and has been active in the recent $100 million fund-raising effort. The initiative is part of an overall $500 million Campaign for William & Mary, which included funds for an endowment, faculty development and construction of a new building for the business school.

The Mason School of Business is the largest undergraduate program at the college. At the graduate level the school offers a full-time, two-year MBA program; a flex (evening) MBA program; and an executive MBA program at its Williamsburg and Reston facilities.

New graduate school building under construction at UMW
The University of Mary Washington’s College of Graduate and Professional Studies is expanding. Growing enrollment at the 6-year-old campus near Fredericksburg has spurred construction of a second academic building. “Our classrooms are filled to capacity most evenings,” says Meta R. Braymer, vice president for graduate and professional studies.

Along Route 17 in Stafford County, the new 42,600-square-foot building will house business, education and computer training classes beginning in early 2007. The $9.9 million structure will include classrooms, computer labs, a 350-seat multipurpose hall and faculty offices. Enrollment at the nonresidential campus is expected to double to roughly 1,700 by the year 2011, an increase the new building will accommodate. Plans also call for a $2 million building to link the new and existing buildings that will feature case-study classrooms and breakout rooms for teamwork and presentations.

Shenandoah University breaks ground on new business school building
Shenandoah University recently broke ground on the new Harry F. Byrd, Jr. School of Business building. The 40,000-square-foot Byrd School complex will offer large and small instructional spaces that promote research, collaboration and conversation. The facility also will offer networked computer workstations throughout, and multimedia presentation stations will be available in all classrooms. The school is moving from its former location at Mary M. Henkel Hall to a more prom-inent position at the front of the campus.

VCU begins construction on new site for business and engineering schools
Construction is underway on Virginia Commonwealth University’s 11-acre, $228 million Monroe Park Campus addition, the largest project in the university’s history. The project’s first phase includes construction of a new School of Business, an expansion of the School of Engineering, the renovation of the Central Belting Building for the VCU Adcenter, the first of two residential colleges and an underground parking garage.Phase I of the project is estimated to cost $165 million. The state appropriated $25.3 million, and university funding and income generated from student housing, parking and food services are estimated to generate more than $60 million. The remaining $79 million will be raised through private donations to the campaigns for business and engineering schools and the Adcenter.

The business and engineering build-ings will be joined by a common atrium and student commons. The new facilities will allow the schools to add about 2,000 students. The 130,000-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. The 115,000-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.

 


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