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 LSBE Building Funding Proposed

Governor Pawlenty recommends

$15.3 million for LSBE Building

At a January 13 news conference held on the UMD campus, Governor Pawlenty announced he will recommend $15.3 million in funding for the UMD Labovitz School of Business and Economics new building. The governor made the announcement as part of his key bonding proposals for this year's capital bonding bill. The new structure is planned to be 65,000 square feet, approximately 1.5 times the size of the current School of Business and Economics. The project is partially funded by a generous $4.5 million gift from Duluth natives Sharon and Joel Labovitz. Total cost of the building is $23 million, with $7.7 million from University funds. Photo: Greg Fox, Vice Chancellor for Finance and Operations; Kjell Knudsen, Dean of Labovitz School of Business and Economics; Minnesota Governor Tim Pawlenty; Bruce Stender, President and CEO of Labovitz Enterprises.


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