Marquette University announced Wednesday that it is going to build a new home for the university’s College of Business Administration and its innovation leadership program.
University President Michael Lovell said the building will be constructed on the site of what was McCormick Hall, the largest freshman dormitory hall which the university took down in the last year.
The college will move its home base from David Straz Hall, which is now in the eastern portion of the university’s main property between Wisconsin Avenue and Clybourn Street.
“Marquette Business has a long history of developing ethical, Jesuit-educated leaders who live and work in Milwaukee and the top financial hubs across the world,” President Lovell said in his yearly presidential address.
“Through innovative design features and flexible learning spaces, our newest academic facility will help foster creative thinking for students from all disciplines.”
The building will cost about $70 million, with already $44 million raised in the last 18 months.