Yale School of Management New Campus Plan Wins City Support
Earlier this week, the City of New Haven approved proposed zoning changes that will allow the Yale School of Management (SOM) to move forward with construction of a new 230,000-square-foot building to house the business school. Pending approval of site plans from the City Plan Commission, construction is slated to begin by the end of 2010, and internal demolition of current buildings on the site is already underway.
The New Haven Board of Aldermen showed overwhelming support for the proposal, citing the positive impact the project will have on the city during the construction phase and the support the project has from many residents in the surrounding neighborhood. The SOM student body is also expected to increase once the new facility is built, providing additional positive economic impact for New Haven. The vote in favor of the necessary zoning changes was 25 to 1.
“Twenty-five to one is a great outcome,” said Michael Morand, Yale’s associate vice president for New Haven and state affairs, speaking after the meeting to a group of construction workers eager for the jobs the project will bring, according to a report in the Yale Daily News. Morand added that fundraising for the new campus is well underway and does not pose a problem for the projected schedule. Internal demolition of the buildings currently on the site has already begun.
In other Yale SOM news, the Class of 2011 raised a record-setting $37,000 in pledges toward the Internship Fund, which helps provide stipends to students who choose to complete their summer internships in the nonprofit and public sectors. With pledges from 100 percent of the class, this year’s fundraising represents a significant increase over the $22,000 raised last year, and the full participation of the class triggered a $25,000 gift from the Dean’s Office.
To learn more about the Yale SOM Internship Fund, click here.