Capital Campaign Focuses on Delivering New Facility for Rawls College of Business

Written by Michael Castellon

News Release

FOR IMMEDIATE RELEASE
Date: April 21, 2006
CONTACT: Michael Castellon, m.castellon@ttu.edu

LUBBOCK – Jerry S. Rawls College of Business officials announced Friday the public phase of a capital campaign to build a state-of-the-art building for the 21st Century.

This $60 million, 140,000-square-foot facility will be the third component of a program which will bring together outstanding faculty and talented students, supported by a first class physical platform for learning.

“It has been increasingly important that the Rawls College have a design that promotes great communication among all constituents including students, faculty, employers, the City of Lubbock and the State of Texas using the most up-to-date technology,” said Allen T. McInnes, dean of the college.

The site selected for the new complex is at the corner of 19th Street and University Avenue. The facility will fill all the college’s educational needs including appropriate-sized classrooms, team breakout rooms, a student lounge, multiple study areas, food service for large or small meetings and an employer career management center.

The campaign is co-chaired by Alan White, chairman and CEO of PlainsCapital Corporation, and Jack Hightower, chairman and CEO of Celero Energy.

To date, the college has raised $17 million for the $60 million project. Texas Tech has allocated $25 million for the project, leaving $18 million of additional funding needed.

The completion date of the project is targeted for 2009.

For more information on the capital campaign, visit http://www.rawlsbusiness.ba.ttu.edu/cap_camp

-30-

CONTACT: Tammy Webb, development coordinator for the Rawls College of Business at Texas Tech University, (806) 742-1575 or tammy.webb@ttu.edu.