UW-Madison secured a large donation to launch the construction of a new campus building which officials say will further consolidate the city as a growing tech hub.
The recently launched School of Computing, Data and Information Science will have a new home at the corner of Orchard Street and University Avenue, officials said on Friday. UW-Madison will demolish two service buildings currently located there to make way for the 300,000 square foot, seven story building. The estimated price is $ 225 million, all of which will be privately funded.
Billionaires Badgers John and Tashia Morgridge donate $ 75 million for the building and pledge an additional $ 50 million in the form of a matching grant if UW-Madison itself raises $ 50 million .
The Wisconsin Alumni Research Foundation, the university’s patent licensing arm, is injecting the remaining $ 50 million. The donation is WARF’s largest single university building, according to spokesperson Jeanan Yasiri Moe.
Construction is expected to begin in early 2023 and UW-Madison plans to open by the end of 2024. The university has set a deadline to raise $ 50 million by the end of this school year.
“A number of people thought it was just about announcing a new building,” UW-Madison Chancellor Rebecca Blank said of Friday’s event at the Wisconsin Institutes for Discovery, another campus building that the Morgridges helped fund. . âIt’s about more than that. It’s about starting a whole new school.