SUBJECT: School of Business, Henderson Learning Resource Center Renovation

Trading Room/Showcase Classroom/Board Room Suite Project

BACKGROUND:

Facilities play an important role in projecting a high quality image associated with high quality academic programs. Therefore, the creation of a combination trading simulation room/showcase classroom/board room suite for the School of Business programs is being proposed. The dual-purpose classroom space and board room will be used for both lecture and computer applications, utilizing technology components that allow for varying applications. Another significant benefit of this project is the projection of a positive "business image" for the AACSB International accredited programs, particularly for the MBA program. It is anticipated the remodeled space will have a powerful visual appeal and demonstrate the commitment to high quality education. (NOTE: This project is part of the BUSINESS TECHNOLOBY EDGE proposal previously approved in 2005 by the Board of Regents as a fundraising priority.)

DESCRIPTION:

The physical space currently occupied by classrooms 104 and 102, along with the unused space located in the "core" area behind these rooms, will be converted into three related facilities: a 40 seat "high-tech" classroom, a "trading classroom" computer facility, and a "board room" meeting/seminar room. (A draft sketch of the area is attached.)

Facilities Services has recommended an outside architect be engaged to finalize the drawing and specifications for this project with a summer 2007 construction target so as to minimize the disruption of fall/spring classes.

Preliminary cost estimates associated with the renovation of the space provided by the University architect are as follows:

General construction costs, including installation

of glass partitions and possible HVAC upgrade $200,000

Classroom and board room furnishings 50,000

Technology, including computers, projection systems,

LCD displays, network components, security 150,000

Architectural services and contingency 50,000

Total Estimated Cost $450,000

This project is to be funded from a combination of fundraising and university reserves.

FINANCIAL IMPLICATIONS:

The total estimated cost of this project is $450,000, and is to be funded by $400,000 from fundraising and $50,000 from University reserves. If final project costs are less than projected or if fundraising exceeds initial projections, then University reserves may not be needed to complete the project.

RECOMMENDATION:

President Farley recommends the Board of Regents approve the project as outlined above, and authorize the administration to proceed with the selection of an architect for the project.

Date Signature __________________________

Jerry Farley, President

Trading Room (upper level)

Sketch of proposed Henderson Board Room/Classroom/Trading Room facilities layout