Fundraising nearly complete for $70.5 million KU building

KU Campus (KSN File Photo)

LAWRENCE, Kan. (AP) – Fundraising is nearly complete for the most expensive privately funded academic building on the University of Kansas campus.

KU Endowment President Dale Seuferling says it is within $3.4 million of reaching its goal of $60.5 million for Capitol Federal Hall, a new School of Business building.

The Lawrence Journal-World reports the project’s total cost is $70.5 million, with the university paying $10 million for site preparation, utilities and furnishings.

Seuferling says KU Endowment announced the lead gift for the building, $20 million from Capitol Federal Foundation, in October 2012.

Groundbreaking was in late 2013, and the building is scheduled to be completed in April. Classes are expected to begin there in fall 2016, though it’s possible they could start earlier.

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