Posted: Feb 3, 2014 12:33 PM by Russell Jones
Updated: Feb 3, 2014 12:33 PM
BATON ROUGE - LSU announced Monday they raised $52.5 million in private funds for renovations to the College of Engineering.
The university said the amount exceeded their $50 million goal and finished the capital campaign three months early. Governor Bobby Jindal said on Monday that the state would also match all the money raised by the university, even though they'd initially committed to matching $50 million.
LSU President King Alexander said this was the most successful short-term fundraising campaign in the university's history, and they looked forward to breaking ground "as soon as possible."
The money will pay for renovations to Patrick F. Taylor Hall and for the construction of a new chemical engineering addition. Construction is scheduled to begin later this year, and estimated to finish in fall 2017.