Louisiana State University Business Education Complex
Encyclopedia
Louisiana State University and A & M College
broke ground on March 19, 2010 for E. J. Ourso College of Business
's the new Business Education Complex with an anticipated completion date of December 2011. The purpose of the BEC is to have the Business School located in one central area, thus creating a “campus within a campus” concept. The project is located on Nicholson Drive Extension next to Patrick F. Taylor Hall, formally known as Center for Engineering and Business Administration (CEBA), on LSU’s Baton Rouge campus. The BEC will consist of four state-of-the-art buildings with approximately 156,385 square feet that will be used for undergraduate and graduate students attending Business College. It will also include a large public space for dining as well as faculty offices and offices for administration staff. One of the four buildings will be dedicated to a large auditorium to be used by the Business School and the community. LSU has set up a website, “Mike the Builder”, where month-by-month progress reports and photos of the buildings are posted.
, announced the state would commit $30 million in capital outlay funds for the new Business Education Complex. Michael V. Martin, Chancellor at Louisiana State University and A&M College, commented that, “The Business Education Complex is a visionary example of the investment of the state of Louisiana and private citizens working together with educational institutions to improve economic sustainability and workforce development for the future” &. Even with the states $30 million and LSU privately raising $18 million there is a $12 million shortfall. To cover the shortfall LSU is planning to use an $8.1 million internal bridge loan
that will be secured by LSU’s new revenue acquired from the Southeastern Conference
’s deals with CBS
and ESPN
. The additional $4 million will come from the private LSU Foundation in anticipation of bequests made over the next two years. The complex is the first building on LSU’s campus that is a public-private partnership. Martin has stated with the favorable construction market he hopes the internal bridge loan of $8.1 million will not be needed.
was selected to construct the new, 156,385 square foot, Business Education Complex. Coleman Partners Architects designed the BEC with a blending of modern glass, metal and stone with sloped gabled roofs and arches in order to capture and reflect LSU’s Italianate architectural
style. The complex will consist of four state-of-the-art buildings surrounding a 14,000 square foot exterior quadrangle
. The quadrangle will be lined with covered galleries. The largest building is a four story, 56,000 square foot Rotunda
. This building will be used for the Business School administration offices, and academic affairs. The ground floor will have the student’s common area, lobby and café for the Business School and the community along with a Business Disaster Recovery Command Center. The second building is a two-story structure that will be the Undergraduate Pavilion
, which will include classrooms, SMART Lab and faculty offices. The third building will be known as the Graduate Pavilion and will have classrooms, study rooms, team rooms and offices for faculty. The second floor of the Undergraduate and Graduate Pavilions will contain departmental offices for Management
, Marketing
, ISDS, Accounting, Economics
and Finance
, as well as, Ph.D suites. The fourth building will be the Auditorium
. This two-story, 12,600 square foot building can seat 300 people and will be used by the Business School and the community. The second floor of the Auditorium will have graduate classrooms and labs. Both Pavilions and the Auditorium will connect through covered archways on the first floor and enclosed walkways on the second floor.
www.foreverlsu.org.
Louisiana State University
Louisiana State University and Agricultural and Mechanical College, most often referred to as Louisiana State University, or LSU, is a public coeducational university located in Baton Rouge, Louisiana. The University was founded in 1853 in what is now known as Pineville, Louisiana, under the name...
broke ground on March 19, 2010 for E. J. Ourso College of Business
E. J. Ourso College of Business
The E. J. Ourso College of Business is Louisiana State University's business school and was established originally in 1928 as the College of Commerce....
's the new Business Education Complex with an anticipated completion date of December 2011. The purpose of the BEC is to have the Business School located in one central area, thus creating a “campus within a campus” concept. The project is located on Nicholson Drive Extension next to Patrick F. Taylor Hall, formally known as Center for Engineering and Business Administration (CEBA), on LSU’s Baton Rouge campus. The BEC will consist of four state-of-the-art buildings with approximately 156,385 square feet that will be used for undergraduate and graduate students attending Business College. It will also include a large public space for dining as well as faculty offices and offices for administration staff. One of the four buildings will be dedicated to a large auditorium to be used by the Business School and the community. LSU has set up a website, “Mike the Builder”, where month-by-month progress reports and photos of the buildings are posted.
Cost/Funding
The budget for the Business Education Complex was $60 million. At a press conference in early November 2009, Louisiana’s Governor, Bobby JindalBobby Jindal
Piyush "Bobby" Jindal is the 55th and current Governor of Louisiana and formerly a member of the United States House of Representatives. He is a member of the Republican Party....
, announced the state would commit $30 million in capital outlay funds for the new Business Education Complex. Michael V. Martin, Chancellor at Louisiana State University and A&M College, commented that, “The Business Education Complex is a visionary example of the investment of the state of Louisiana and private citizens working together with educational institutions to improve economic sustainability and workforce development for the future” &. Even with the states $30 million and LSU privately raising $18 million there is a $12 million shortfall. To cover the shortfall LSU is planning to use an $8.1 million internal bridge loan
Bridge loan
A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing.-Description:A bridge loan is interim financing for an individual or business until...
that will be secured by LSU’s new revenue acquired from the Southeastern Conference
Southeastern Conference
The Southeastern Conference is an American college athletic conference that operates in the southeastern part of the United States. It is headquartered in Birmingham, Alabama...
’s deals with CBS
CBS
CBS Broadcasting Inc. is a major US commercial broadcasting television network, which started as a radio network. The name is derived from the initials of the network's former name, Columbia Broadcasting System. The network is sometimes referred to as the "Eye Network" in reference to the shape of...
and ESPN
ESPN
Entertainment and Sports Programming Network, commonly known as ESPN, is an American global cable television network focusing on sports-related programming including live and pre-taped event telecasts, sports talk shows, and other original programming....
. The additional $4 million will come from the private LSU Foundation in anticipation of bequests made over the next two years. The complex is the first building on LSU’s campus that is a public-private partnership. Martin has stated with the favorable construction market he hopes the internal bridge loan of $8.1 million will not be needed.
Design of Complex
After presenting the lowest bid of $39,978,000, the Lemoine Company/ Brasfield & GorrieBrasfield & Gorrie
Brasfield & Gorrie, LLC is a privately held construction management, general contractor|general contracting, and design-build service provider. Founded in 1921 by Thomas C. Brasfield as the Thomas C...
was selected to construct the new, 156,385 square foot, Business Education Complex. Coleman Partners Architects designed the BEC with a blending of modern glass, metal and stone with sloped gabled roofs and arches in order to capture and reflect LSU’s Italianate architectural
Italianate architecture
The Italianate style of architecture was a distinct 19th-century phase in the history of Classical architecture. In the Italianate style, the models and architectural vocabulary of 16th-century Italian Renaissance architecture, which had served as inspiration for both Palladianism and...
style. The complex will consist of four state-of-the-art buildings surrounding a 14,000 square foot exterior quadrangle
Quadrangle
Quadrangle may refer to :*Quadrangle , a courtyard surrounded by a building or several buildings.*The Quadrangle, a group of five museums in Springfield, Massachusetts, including the United States' first planetarium and the Dr...
. The quadrangle will be lined with covered galleries. The largest building is a four story, 56,000 square foot Rotunda
Rotunda
Rotunda or The Rotunda may refer to:*Rotunda , any building with a circular ground plan, often covered by a dome*Rotunda , a specific medieval blackletter script...
. This building will be used for the Business School administration offices, and academic affairs. The ground floor will have the student’s common area, lobby and café for the Business School and the community along with a Business Disaster Recovery Command Center. The second building is a two-story structure that will be the Undergraduate Pavilion
Pavilion
In architecture a pavilion has two main meanings.-Free-standing structure:Pavilion may refer to a free-standing structure sited a short distance from a main residence, whose architecture makes it an object of pleasure. Large or small, there is usually a connection with relaxation and pleasure in...
, which will include classrooms, SMART Lab and faculty offices. The third building will be known as the Graduate Pavilion and will have classrooms, study rooms, team rooms and offices for faculty. The second floor of the Undergraduate and Graduate Pavilions will contain departmental offices for Management
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
, Marketing
Marketing
Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
, ISDS, Accounting, Economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
and Finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
, as well as, Ph.D suites. The fourth building will be the Auditorium
Auditorium
An auditorium is a room built to enable an audience to hear and watch performances at venues such as theatres. For movie theaters, the number of auditoriums is expressed as the number of screens.- Etymology :...
. This two-story, 12,600 square foot building can seat 300 people and will be used by the Business School and the community. The second floor of the Auditorium will have graduate classrooms and labs. Both Pavilions and the Auditorium will connect through covered archways on the first floor and enclosed walkways on the second floor.
Supporting the BEC
With the completion of the E.J. Ourso College of Business Education Complex coming to an end, LSU will become a world-class institution. It will allow LSU to attract the top, highest quality students and facility that in turn will help Louisiana’s economic growth. Anyone can become a part of the largest, most successful project in LSU’s one hundred and fifty year history by making a difference in students’ lives for years to come. To help LSU maintain their top-tier status any donation, small or large, can be made towww.foreverlsu.org.