Rutgers plans $85 million business school building

(AP) - Rutgers is expanding to meet the growing demands of its undergraduate business program.

The university plans to build an $85 million facility on its Livingston Campus in Piscataway, with construction starting next spring. It will include 156,000-square-feet of classrooms, lecture halls, instructional labs, meeting spaces, student lounges, faculty offices, a business library and a mock trading floor.

The expansion is part of a long-term plan to redevelop the Livingston campus into a center for business and professional studies. The new building should be completed by the start of the 2013 fall semester.

Rutgers President Richard McCormick says that over the next several years, the university expects its business school enrollment will grow from the current level of 1,900 students to 3,200 undergraduates.

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