April 26, 2007

Financial Headlines: DEVELOPMENT: WSU to build alternative energy center

A brief item in the business section notes that Wayne State plans to break ground May 2 on a $27.3 million engineering facility that will focus on research and development in the area of alternative energy technology. The Marvin I. Danto Engineering Development Center will be a 3-story building attached to the current College of Engineering Building. Construction is expected to be completed by fall of 2008. Financing will be provided by $15 million in state appropriations, a $3 million donation from Troy businessman Marvin Danto and $3.2 million in private gifts. The write-up mentions that the university's new strategic plan would be announced this morning following a 9 a.m. keynote address by "Freakonomics" author Steven Levitt. A later update in the newspaper's online version points out that the university's strategic plans call for launching an honors college, recruiting top-tier faculty, increasing student enrollment to 40,000, enhancing WSU's reputation as a research university, building a stronger campus community, improving relations with the city of Detroit and finding additional ways to build revenue. A third item mentions the Steven Levitt speech, which was open to the public, at 9:00 this morning.

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