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Bradley announces $30 million gift from Caterpillar

amckillup is right...........there is a correction in todays PJS stating that CAT gave 30 million and up to an additional 18 million in matching contributions that will = 48 million! I thought that was worth posting again! :D
 
Fuzzy Math

Fuzzy Math

amckillip said:
BTW the donation was actually 48 million. 30 million as lump sum, then 18 million that will be used as a ploy to get other to donate(matching gifts) ironically enough, 104 plus 18 million from new donations + the 18 million CAT will match becomes 136 very close to the 150 BU is shooting for.
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104 + 18 + 18 = 136??

Apparently an ISU math major has infiltrated our message board. ;^)
 
Looking at the buildings that are being built and what we're "shooting for" as far as money, things don't link up. Looking at these projects, I'd say we're roughly looking at a total of $215 to $225 million (this figure was bounced off a few business profs who seem to center their estimates around 220). Does Bradley have funding for the rest of it? Or are we just banking on additional fundraising over the next few years?

http://campaign.bradley.edu/
 
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jeffsu said:
Looking at the buildings that are being built and what we're "shooting for" as far as money, things don't link up. Looking at these projects, I'd say we're roughly looking at a total of $215 to $225 million (this figure was bounced off a few business profs who seem to center their estimates around 220). Does Bradley have funding for the rest of it? Or are we just banking on additional fundraising over the next few years?

http://campaign.bradley.edu/
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I think you make a great point Jeff, and my guess is that BU is planning over the course of this project (of which I believe is a 10-15 year time frame) they plan on raising the additional money. At this point I would not be overly concerned. With nearly $150 already committed, I believe it will make fundraising even easier.
 
I'm glad we're getting the new facilities but unfortunately its going to add another element of architectural design to the campus. I always thought that campus was made up of a hodge podge of buildings that never fit together, especially around the quad when compared to some other campuses (U of I comes to mind). I guess the only good thing to say about the lack of cohesion perhaps shows the progressivism and evolution of Bradley.

The renderings for the new facilities look beautiful but here again we're adding another style of modern architecture to campus.

On a related note, has there ever been a period on campus that there isn't a significant construction project going on? In my brief tenure I saw Olin and Bradley redone and know of there were continous projects before and after too. Maybe I'm just a little jealous that future students are getting new buildings of everywhere I was most (Jobst & Haussler).
 
I agree that there is a lack of unifying architecture on campus, however I disagree on the following point BUBalum05. . .

Starting with the construction of CGCC, visitor's center, and the new parking deck, I believe BU has committed itself to keeping that design uniform. If you look at the Olin Hall renovation, the Peoria Next building and the renderings for the new buildings, they all feature prominently metallic and glass exteriors.
 
jeffsu said:
Looking at the buildings that are being built and what we're "shooting for" as far as money, things don't link up. Looking at these projects, I'd say we're roughly looking at a total of $215 to $225 million (this figure was bounced off a few business profs who seem to center their estimates around 220). Does Bradley have funding for the rest of it? Or are we just banking on additional fundraising over the next few years?

http://campaign.bradley.edu/
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What I can tell you is that the accepted bid (Williams Brothers) for the Markin Center was about $10-15 mil under what the anticipated cost would be. It's probably too early to tell if that will be a trend for the rest of the projects or not. The Williams' Bros. have done a great deal of BU work the last 30 years. Given that, it is likely that BU will get competitive pricing, so I think some of those 200 mil+ estimates are way high.

The University also is fronting about $100 million out of its endowment to help finance these projects, so the construction can commence on projects for which they may still be seeking donors and naming rights.
 
Would I be correct in assuming that Morgan Hall will be coming down at some point? Just the way that the Rec Center is drawn looks like that Morgan Hall isn't in the long term plans. I assume one of the reason Cat is giving this much money is because they can fully get behind Industrial & Manufacturing Engineering.
 
it's boogie time said:
Would I be correct in assuming that Morgan Hall will be coming down at some point? Just the way that the Rec Center is drawn looks like that Morgan Hall isn't in the long term plans. I assume one of the reason Cat is giving this much money is because they can fully get behind Industrial & Manufacturing Engineering.
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Morgan hall was a depressing building to have class in too. Dull tile walls, small windows, old lighting fixtures--kinda felt like a prison. Didn't help that my engineering econ class there was boring enough to be considered punishment.
 
BUBalum05 said:
Morgan hall was a depressing building to have class in too. Dull tile walls, small windows, old lighting fixtures--kinda felt like a prison. Didn't help that my engineering econ class there was boring enough to be considered punishment.
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I agree. The building has no redeeming qualities. It always seemed like a last minute place they threw together like Becker Hall.
 
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