At its annual Homecoming meeting today, the Baylor University Board of Regents approved construction of the new $99 million Paul L. Foster Campus for Business and Innovation that will house the University’s nationally ranked Hankamer School of Business. Baylor plans to break ground on the 275,000-square-foot facility in December.
The board’s approval to move forward with construction of the Foster Campus for Business and Innovation follows a period of successful fundraising for the new home for Baylor’s business school. Fundraising for the business school project accelerated when the University received a historic gift from El Paso businessman and civic leader Paul L. Foster, BBA ’79, chairman of the board and executive chairman of Western Refining Inc. The Foster Campus will be built on property across from the new East Village Residential Community on Bagby Avenue between Third and Fourth streets and is expected to be completed in July 2015.
Baylor has been working with Overland Partners of San Antonio to plan the new Foster Campus for the business school. The architectural design features a highly corporate and sustainable business environment, including a centerpiece atrium that will showcase some of the school’s signature classrooms, such as the Southwest Securities Financial Markets Center. The design also includes a 350-seat auditorium to accommodate guest lectures and special events, and a variety of classrooms that will incorporate the latest technology for collaborative learning, innovation and problem solving. The new building is expected to expand the school’s size by nearly 40 percent.
Baylor Regents gave their approval to begin phase two of the new $18.1 million on-campus track and field stadium, which is under construction along the Brazos River on the far east side of the 93-acre Baylor Stadium property. The new facility – designed by Kansas City-based Populous, which also planned Baylor Stadium – will accommodate 5,000 spectators and participants. Phase two of the project will add a 10,300-square-foot team building containing hydrotherapy pools, a training room, offices and meeting rooms, storage space and improved landscaping. In May, regents approved phase one of the project, which included a 6,000-square-foot team facility and a 13,500-square-foot indoor practice facility. The track and field stadium is slated for completion in fall 2014.
The board also approved $1.1 million to begin design and engineering work to refurbish North Russell Hall, part of the University’s major plan to renovate existing residence halls over the next 10 years. South Russell Hall is currently being refurbished with updated rooms with new furniture and fixtures, new study, social and spiritual spaces, the addition of a living-learning component to the complex with a faculty-in-residence apartment and use of the lower level for a classroom, fitness area, game room and lounge. The South Russell project is expected to be completed by fall 2014. Work on North Russell will begin in summer 2014.
ABOUT BAYLOR UNIVERSITY
Baylor University is a private Christian University and a nationally ranked research institution, characterized as having “high research activity” by the Carnegie Foundation for the Advancement of Teaching. The University provides a vibrant campus community for approximately 15,000 students by blending interdisciplinary research with an international reputation for educational excellence and a faculty commitment to teaching and scholarship. Chartered in 1845 by the Republic of Texas through the efforts of Baptist pioneers, Baylor is the oldest continually operating University in Texas. Located in Waco, Baylor welcomes students from all 50 states and more than 80 countries to study a broad range of degrees among its 11 nationally recognized academic divisions. Baylor sponsors 19 varsity athletic teams and is a founding member of the Big 12 Conference. http://www.baylor.edu/