MEMPHIS, Tenn. — The University of Memphis marked a major milestone Wednesday afternoon with an unconventional “wall breaking” ceremony to symbolize the start of renovations to the Fogelman College of Business and Economics (FCBE). Rather than turning dirt, faculty and University leaders took hammers to a wall to celebrate the launch of this pivotal modernization project.
“These buildings represent our commitment to the mission of this University and our College,” said FCBE Dean Robert Garrett. “All of this helps build a community of learning that will bring faculty, staff and students together in ways that build knowledge and contribute to society.”
Phase I of the project consists of a $30 million renovation to the existing FCBE facilities at the corner of Central Avenue and Patterson Street, supported by $25 million from the state of Tennessee and the remaining $5 million from fundraising and donor support. Phase II includes building a third building on campus at a later date.
“Without donors, this project would still be just an idea,” Garrett said. “We’re also honored by the commitment from the state of Tennessee. It shows how important we are to the region and to the state that they are willing to invest in our vision.”
“Today marks more than the start of a renovation. It marks a bold investment in the future of business education at the University of Memphis,” said Tara Jones, Senior Vice President for Advancement. “Because of the generosity of our donors, the enduring commitment of the Fogelman family, and the partnership of our state leaders, we are creating spaces where future leaders will learn, innovate and help build a stronger Memphis for decades to come.”
Wednesday’s ceremony adds to a historic run of capital improvements across the UofM Campus, including the Scheidt Family Performing Arts Center (SFPAC) and the Edwards Research and Innovation Center (ERIC) opening in the last five years. Garrett sees the FCBE modernization as another symbol of institutional momentum, one that will help grow enrollment, strengthen the Memphis workforce and contribute to the economic development of the Mid-South.
Media Contact:
Parker King, Assistant Director
University Media and Public Relations
University of Memphis
(O) 901.678.4822
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