DCN ARCHIVES

November 3, 2006

Quebec chips in $60 million for school

Excavation for 15-storey building set for December

Montreal

With $60 million from the provincial government, Montreal’s Concordia University is one step closer to financing its John Molson School of Business.

The government’s $60 million represents about half of the total construction costs, currently estimated at $120 million.

The university will kick in about $40 million while Eric Molson, chairman of the Board of Molson Coors Brewing Company, confirmed his family is doubling its initial $10 million donation to the construction.

“The John Molson School of Business building project is an excellent example of how private donors and government can work together to support higher education and our community,” said Molson. “Together, we are encouraging a new generation of students to become strong business and community leaders who understand the value of hard work and community service.”

Construction of the new building, at the southwest corner of Guy Street and de Maisonneuve Boulevard, will begin in December 2006, with completion expected by summer of 2009. The 15-storey building will house the JMSB’s 6,000 full- and part-time students under the same roof for the very first time.

“The tender process is underway for the general contractor,” said Chris Mota, Concordia’s director of media relations, “and we hope to be able to start digging by December. The city is processing the paperwork and our design fits in with all of their zoning regulations – everything conforms perfectly.”

The building will be designed by the architectural firms Kuwabara Payne McKenna Blumberg Architects and Fichten Soiferman, the same companies responsible for the construction of Concordia’s Integrated Engineering, Computer Science and Visual Arts Complex, located just across the street from the future JMSB site at the corner of Ste. Catherine and Guy.

“We’ve been teaching Montreal’s business leaders for more than 100 years,” said Concordia President Dr. Claude Lajeunesse, “and we’ll now be able to do so in state-of-the art facilities that will become a vital part of Quartier Concordia.”

In 1979 the Sir George Williams campus component of the Concordia Faculty of Commerce & Administration moved to the Guy M<0x00E9>tro building and in 1995, the Commerce faculty remaining at the Loyola site joined them downtown.

The faculty has remained in the building since that time, with Concordia having purchased the building on January 30, 1998.

In November 2000 the university re-named the Commerce Faculty to the John Molson School of Business in recognition of the generosity and support of the Molson family.

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