Natalie Keith

ANN ARBOR, MI-The University of Michigan will begin construction of the new $145-million, 270,000-sf Stephen M. Ross School of Business in the fall. The project is being partially funded with $75 million of a $100-million donation made by Stephen M. Ross, president of New York-based Related Cos. Ross graduated from the school in 1992.

The project, which was approved by the state Joint Capital Outlay Subcommittee last week, will replace the existing 180,000-sf business school. Bernie DeGroat, a spokesman for the university, says the approval was the final one needed for the project to move forward. Three buildings will be demolished to make room for the new business school.

"One building was closed and March and the other two will be closed in April," DeGroat says. "Demolition of those structures will begin in May after the students leave."

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