December 16, 2011
Written by Robert Giovanetti
The new Rawls College of Business building is 150,000 square feet and cost $64 million to build.
Texas Tech University and System officials held a ribbon cutting Friday (Dec. 16) to announce the completion of the new building for the Jerry S. Rawls College of Business Administration.
Located off Flint Avenue near Ninth Street, just west of Dan Law Baseball Field, the state-of-the-art building will be open to students in the spring semester of 2012 and serve as a new home for undergraduate and graduate classrooms, faculty and staff offices and various professional and educational spaces.
“As we work toward our goal of enrolling 40,000 students by 2020, it is vital that the university accommodates this growth and provides the facilities necessary for our students’ continued success,” Kent Hance, chancellor of the Texas Tech University System, said. “The completion of the new Rawls College of Business will not only be a great place for our students, but will also serve as a beautiful cornerstone to the campus.”
“The hard work and effort that led to today’s ribbon cutting is a testament to the leadership, faculty, staff and students of the Rawls College of Business,” Guy Bailey, Texas Tech president, said. “Let this magnificent building serve as a gateway for future business leaders and a point of pride for our alumni.”
The nearly 150,000 square-foot, LEED-certified building will also serve as an anchor for a new North Campus Gateway that will be an entrance to the campus from the Marsha Sharp Freeway.
Construction on the project began in September 2009, and the new business administration building is coming online nearly $6 million under budget from its initial $70 million cost.
“We are excited to offer students, faculty and staff a top-of-the-line facility on time and under budget that will serve the growing demands of Texas Tech,” Michael Molina, vice chancellor for Facilities Planning and Construction for the Texas Tech University System, said. “I am confident this building will promote an atmosphere of student learning, collaboration and success, and am proud to be advancing the university’s mission and vision through the completion of this building.”
Funds for the new building were raised through a combined effort, garnering outside gifts from generous donors and support from students.
The demolition of Thompson and Gaston Halls, begun in the fall of 2008, was the first step in the construction of the new Rawls College of Business building. An official grand opening will be celebrated in January 2012.
The Rawls College of Business accounts for about 25 percent of Texas Tech graduates.
The college has a full-time teaching staff of roughly 100 in seven academic areas: accounting; energy, economics and law; finance; health organization management; information systems and quantitative sciences; management; and marketing.
The college offers an accredited weekend MBA for Working Professionals program.
Dedicated to connecting students, alumni and employers, the Career Management Center assists Rawls College students with their transition to the world-of-work, and supplies prospective employers with top-notch candidates, ready to make an immediate contribution.