Southern Methodist University broke ground on Friday for a $ 140 million renovation and expansion of its Cox School of Business.
The project, expected to take two years to complete, expands the school’s footprint by 30% and connects existing facilities with four new buildings.
“This project will add to the Cox School’s stellar national reputation and will enable it to continue attracting outstanding students, faculty and industry partners,” said SMU president R. Gerald Turner in a statement. “Since 75% of our Cox School graduates stay in Texas, this ambitious project is a commitment to SMU’s role as a magnetic talent for the state and the North Texas region.”
The completed project will be named the David B. Miller Business Quadrangle, honoring the private equity co-founder and former Mustang basketball player. Miller, his wife Carolyn and the David B. Miller Foundation made a $ 50 million donation to SMU in 2019, with half earmarked for the business school project. It’s one of SMU’s largest gifts ever.
In April, founder and CEO of Dallas-based Cenergistic William Spears gave the largest non-alumnus gift in SMU’s 111-year history. The amount of the donation was not disclosed, but it will establish the William S. Spears Institute for Entrepreneurial Leadership and the Spears Accelerator to seed and grow businesses launched by students and faculty.
Donors have contributed over $ 100 million to the business school expansion, with the Millers’ $ 25 million pledge leading the way. The college has also landed nine donations of $ 5 million to $ 24.9 million and nine gifts of $ 1 million to $ 4.9 million.
The complete list of donors can be viewed here.