The has announced a $25 million gift from alumnus and Dallas businessman Robert B. Rowling and his family for construction of a building that will house the graduate programs of the .
Announcement of the gift launches a campaign to raise more than $58 million for the 458,000-square-foot building, which will be named Robert B. Rowling Hall. Design priorities for the project include increasing the effectiveness of interactions between faculty and students, flexibility in the use of classroom spaces, integrating new learning technologies, and expanding team preparation rooms and study areas. The building is expected to open in the summer of 2017.
The owner and chairman of TRT Holdings Inc., Rowling previously served on the University of Texas System Board of Regents, was chairman of the University of Texas Investment Management Company, and in 2005 was inducted into the McCombs School of Business Hall of Fame. Rowling, his wife, Terry, and their son Blake all earned degrees from the school.
"Bob Rowling already has served his alma mater at the highest level of volunteer leadership, and with this gift, he and Terry enter the pantheon of the university's most historically significant supporters," said University of Texas at Austin president Bill Powers. "This building itself will embody many traits that are key to business success — flexibility, common areas for interaction, and the ability to take advantage of evolving technology."