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Louisiana State University Business Education Complex
Louisiana State University Business Education Complex is a campus extension of Louisiana State University and A & M College located in Baton Rouge, Louisiana. It is designated to house part of E. J. Ourso College of Business.
The groundbreaking ceremony took place on March 19, 2010, the anticipated completion date of December 2011. The purpose of the BEC is to have the Business School located in one central area, thus creating a “campus within a campus”. The project is located on Nicholson Drive Extension next to Patrick F. Taylor Hall, formally known as Center for Engineering and Business Administration (CEBA), on LSU’s Baton Rouge campus.〔(【引用サイトリンク】url=http://www.bus.lsu.edu/directions.asp )〕 The BEC will consist of four buildings with approximately 156,385 square feet that will be used for undergraduate and graduate students attending Business College. It will also include a large public space for dining as well as faculty offices and offices for administration staff. One of the four buildings will house a large auditorium.
==Cost/Funding==
The budget for the Business Education Complex was $60 million. At a press conference in early November 2009, Louisiana’s Governor, Bobby Jindal, announced the state would commit $30 million in capital outlay funds for the new Business Education Complex. (Michael V. Martin ), Chancellor at Louisiana State University and A&M College, commented that, “The Business Education Complex is a visionary example of the investment of the state of Louisiana and private citizens working together with educational institutions to improve economic sustainability and workforce development for the future”〔(【引用サイトリンク】url=http://www.lsureveille.com/news/jindal-pledges-30-million-to-business-complex-1.2052000#.Top-V3OrXH8 )〕 &.〔(【引用サイトリンク】url=http://www.katc.com/news/gov-jindal-announces-a-30-million-commitment-for-lsus-new-business-education-complex/ )〕 Even with the State's $30 million and LSU privately raising $18 million there is a $12 million shortfall. To cover the shortfall LSU is planning to use an $8.1 million internal bridge loan that will be secured by LSU’s new revenue acquired from the Southeastern Conference’s deals with CBS and ESPN. The additional $4 million will come from the private LSU Foundation in anticipation of bequests made over the next two years. The complex is the first building on LSU’s campus that is a public-private partnership. Martin has stated with the favorable construction market he hopes the internal bridge loan of $8.1 million will not be needed.
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