january 17, 2003


Two New Gifts to OU's Price College Advance Construction of Addition

Two new contributions totaling $6.7 million will make it possible for the University of Oklahoma's Michael F. Price College of Business to begin the construction phase this spring on an $18 million addition to historic Adams Hall, OU President David L. Boren announced recently.

Michael F. Price of Far Hills, N.J., had previously pledged $3 million to the new addition, and anonymous donors have pledged $2.5 million and $4.2 million gifts to the project. Other College of Business alumni and friends are contributing to the private funding total of $15 million. OU has designated $3 million in bond funding to round out the $18 million goal.

"We are very grateful to these anonymous donors in addition to those donors who have been previously announced who are making it possible for us to move forward on this much-needed addition to address the extraordinary growth in our Price College enrollment and programs," said Boren, noting that he hopes to be able to announce the names of the most recent donors soon.

The 55,000-square-foot addition, being built east of Adams Hall, should be completed in fall 2004. Fund raising is continuing for equipment, furnishings and landscaping, with a number of the building's naming opportunities still available to donors.

The OU College of Business was named for Price in 1997 in honor of his historic $18 million gift to college faculty endowments, scholarships and programs. A 1973 OU business graduate, Price is a famed mutual fund manager and global expert on value investing. He is currently managing partner of MFP Investors LLC.

Other major donors to the Price College of Business addition are James and Jeannie Dodson of Santa Ynez, Calif.; Roy T. Oliver Jr. of Oklahoma City; the late Fred E. Brown of Lake Placid, N.Y.; Robert S. Beall of Colleyville, Texas; Bill Green of Bullard, Texas; Kay Heimlich and Ted H. Taylor of Dallas; John Nichols of Oklahoma City; and Rick Orthwein of Oklahoma City.

The new Price College building is designed to meet the demand created by a 41 percent increase in student enrollment over the past six years, said Price College Dean Dennis E. Logue. The building will add 10 major classrooms and provide spaces for student services areas. To accommodate the college's team-oriented approach to learning, a number of special gathering spaces will be created in the new building, including a large commons area and connecting courtyard, a coffee shop, and numerous student meeting and study spaces.

Boren noted that while the building will provide all of the state-of-the-art resources needed by today's business students, its design will complement the traditional Collegiate Gothic style of Adams Hall, a 1936 building that has always been the home of OU's business programs.