WEST LAFAYETTE, Ind.--(BUSINESS WIRE)--Purdue University will move forward today to meet the nation’s demand for engineers while keeping down the cost of higher education through a building based on a public/private partnership.
Purdue and Purdue Research Foundation will dedicate the $38.9 million Seng-Liang Wang Hall, for which PRF is leasing space to the university and private businesses.
“This public/private mix is a first for Purdue and it proved a great success,” President Mitch Daniels said. “Purdue Research Foundation’s approach saved millions on construction and created a revenue stream to support Wang Hall. It is a formula that we plan to use again for other new construction on Purdue’s campus.
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