facebook
twitter
search
search

Developer to give $200M to University of Michigan

Sept. 4, 2013 at 1:36 PM

ANN ARBOR, Mich., Sept. 4 (UPI) -- Developer Stephen M. Ross plans to make the largest single gift in University of Michigan history, university officials announced Wednesday.

Ross' gift will be split equally between the Stephen M. Ross Business School, which was named in his honor in 2004, and the university's athletic program, officials said. It will bring his total giving to his alma mater to $313 million, making him the university's biggest donor ever.

The university said specific projects to make use of the money will be announced this fall. But the plans include up-to-date facilities for business students and for student athletes.

"Stephen Ross' vision has always been about the ability of facilities to transform the human experience," said Mary Sue Coleman, the university's president. "He understands the power of well-conceived spaces, and his generosity will benefit generations of Michigan students, faculty and coaches."

Ross is the founder and head of Related Companies, which developed the Time Warner Center in New York and is currently involved in the development of the Hudson Yards, a plan to transform 26 acres along the Hudson River in midtown Manhattan.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
North Korea on missile cruiser deployment to Japan: U.S. 'will burn'
North Korea blasts South's idea of unified system
Puerto Rico not able to pay more than $72 billion in debts
Seven arrests made in Tunisia hotel killings
Uber executives arrested in Paris