Private donors gift $2.5 million to Downtown UCF
Seven community partners have donated a total of $2.5 million to the Downtown UCF project today, according to a press release.
Private donors have contributed a total of $13 million since President Hitt called upon the local community to help fund the downtown campus during a Focus on Excellence Breakfast event Dec. 3.
“The governors, state legislators and members of the Board of Governors [have] told us that if this project is so important, then the community needs to match the state’s investment,” Hitt said. “We’re absolutely certain of the value of the downtown campus to our students and to our Orlando city-state.”
The following list of donors appears in the press release:
$1 million from Creative Village Development, LLC
$500,000 from Orlando philanthropist Alan Ginsburg
$300,000 from Orlando City Soccer Club
$250,000 from CNL Financial Group
$250,000 from Universal Orlando Foundation and Universal Orlando Resort
$100,000 from Dr. Bruce Douglas of Winter Park
$100,000 from Coca-Cola
The university seeks $60 million for the construction of the downtown campus’ centerpiece academic building, a 165,000-square-foot facility that will support 7,700 students. Of this funding, $20 million will come from UCF, $20 million from the state and $20 million from private donors.
On March 2, the university will present its revised downtown campus plans to the Florida Board of Governors, who will vote on whether UCF will receive state funding for the project. Last year, Governor Rick Scott vetoed the university's revised $15 million funding request.
If funding is achieved, the campus will begin operations fall 2018.
Bernard Wilchusky is the Editor-in-Chief of the Central Florida Future. You can reach him by email at firstname.lastname@example.org or on Twitter @cameradudeman.