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New Engineering College Getting $120-Mil Campus

NEEDHAM, MA-Construction is underway on a 70-acre piece of land here for the Franklin W. Olin College of Engineering, which is being financed by $300 million from the F.W. Olin Foundation. The college hopes to compete with Cambridge's MIT.

By Naomi Grossman | Updated on April 24, 2001

NEEDHAM, MA-A $120 million campus for a brand new college is being developed here on a 70-acre piece of land. The Franklin W. Olin College of Engineering, which is being financed by a $300 million endowment from the F.W. Olin Foundation, is scheduled to open this fall.

When completed, the campus will have 500,000 sf of dorms and classroom buildings including a $20-million student center, a $10-million dormitory, a $14-million administration building and a $20-million classroom building to accommodate 650 students. The complex is slated for completion by the fall of 2005. Complications such as permits and a pipeline that ran through the center of the project have slowed construction.

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