Kelley School receives $15 million gift for renovations of undergraduate facilities

The Kelley School of Business received a $15 million gift that will be used toward the school's $60 million renovation of undergraduate facilities, the University announced Friday.

The gift was given to the school by an anonymous graduate of the school, according to an IU press release.

The renovations on the undergraduate building will include group study space, classroom space, a Wall Street-style trading room, labs for research and a students commons room, according to the press release.

Construction is expected to begin May 2010 and one floor at a time will be renovated, according to the press release. The entire project is expected to last five years.

Check Monday's edition of the Indiana Daily Student for more information.