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Around the Old Dominion

VCU B-school’s extreme makeover

Virginia Business
March 2004

The Virginia Commonwealth University School of Business is so strong in information technology that it’s the only one in the country to win accreditation from the Accrediting Board for Engineering and Technology. But few people know that in large part because of a classroom facility so poorly designed that potential students can’t even find the front door.

That may soon change. The business school, now housed in a outdated building on the downtown Richmond campus, wants to build a new 140,000-square-foot classroom building that it would share with the engineering school on a new high-profile site adjacent to the main VCU campus. Together, the two schools will make up VCU’s first residential college.

Michael Sesnowitz, dean of the business school, anticipates that the new building — still in the planning process — will be completed within the next five years and cost $35 million to $40 million. The goal is to raise $30 million from private donations and another $15 million in state funding. Any money leftover is earmarked for the school’s endowment.

At present, 3,300 students are enrolled in business courses at VCU. The new building will allow for as many as 1,200 additional students, and with new features like tiered lecture halls, community and collaborative spaces, a career center and a conference center, Sesnowitz believes that VCU will be able to attract more — and higher quality — business students.

Virginia Business - March 2004