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A groundbreaking ceremony for the new Kansas University School of Business building is set for 2 p.m. Friday, Oct. 18.
The university will host the event on the tennis courts on Naismith Drive, which sit on the current site for the new $65.7 million building. The ceremony is open to the public. Kansas Gov. Sam Brownback, KU Chancellor Bernadette Gray-Little and KU business school dean Neeli Bendapudi are all scheduled to attend.
KU asked the Kansas Board of Regents last week to authorize KU Endowment to construct the new six-story, 166,000-square-foot structure. Private gifts totaling $55.7 million will fund most of the project, with the university pitching in $10 million to equip the building and relocate the tennis courts next to Robinson Gymnasium. Of the $55.7 million in private funds, $20 million came in the form of a "lead" gift from the Capitol Federal Foundation.
Summerfield Hall, which currently houses the School of Business, will be converted for other uses after the business school moves out, officials have said.