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Site selected for Miami School of Business
Miami University's board of trustees voted unanimously Dec. 10 to approve building the university's new business school where Reid Hall, a student residence hall, now stands.
The site, which is at the northeast corner of Patterson Avenue and High Street, was recommended by Miami President Jim Garland following campus discussions that began last spring when it was determined that the original site in the universitys main academic quad was too small to meet the needs of the Richard T. Farmer School of Business.
Eleven sites were debated at several public hearings. One of the possibilities, Bishop Woods, prompted a petition drive-signed by about 4,500 persons-to preserve the three-acre woodlot, which stands in the midst of the universitys central academic quad.
Each of the 11 sites had pluses and minuses, said Garland, and the decision was not an easy one, but the site chosen will fit well into the universitys overall academic plan.
The new business building, expected to be completed in summer of 2008, will allow the Richard T. Farmer School of Business to be a national leader in delivering an education that incorporates technology while promoting team-oriented teaching and student-faculty interaction, said business school officials.
The school has 140 faculty members in six departments located in two buildings, which were built in 1948 and 1959. Enrollment totals about 4,400.
Reid Hall, built in 1948, houses about 140 students. Its demolition, planned for 2006, fits in with the universitys long-range plan to close several of its 36 residence halls, said university officials.
Normally, a building site would not require formal trustee action, but portions of the eastern quad, where Reid Hall is located, as well as several other sites among the 11 studied, were designed in guidelines adopted by the trustees in 1982 as areas deserving of protection as open space.
In other action, several other major building projects at Miami University moved closer to reality when trustees unanimously approved a preliminary and routine step in the bond issuance process. Approval is being sought from the Ohio Board of Regents to issue bonds in an amount not to exceed $92 million.
The bonds, which are expected to receive final approval this spring, will be used to help finance a new psychology building, engineering and applied science building, two parking structures, a new ice arena, improvements to Yager Stadium, utility system upgrades, an electrical generation facility and to finance an apartment housing project already underway.
In addition, they will help fund residence hall improvements and the renovation of Presser Hall.
Most of the projects will be built with a combination of capital funds from the State of Ohio, university funds and gift money.
Miami is embarking on an ambitious, but necessary, investment in enhancing its physical plant to provide students and faculty with facilities that will meet 21st century needs, said Fred Wall, chair of the board of trustees.