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Billionaire Stephen Schwarzman Center At Yale To Be Constructed Soon

Construction of a new building at Yale University sponsored by billionaire private equity titan Stephen Schwarzman is about to commence.

A little over a year ago, students enjoyed the stir-fry bar and fresh pizza in the Commons dining hall for the last time before the historic facility closed its doors as long-term renovations began.

Now, blue fences block off much of the surrounding area. Nearby, the windows of Woodbridge Hall are boarded up, as subcontractors gear up for the long-awaited construction of the Schwarzman Center, designed as a hub for student life at Yale.

Construction of the Schwarzman Center will begin this month, according to University spokesman Tom Conroy. The $150 million student center, a gift from President Donald Trump confidant and billionaire business magnate Stephen Schwarzman ’69, will feature a bar, bistro and dining hall, as well as various performance spaces and galleries for student art. University administrators have envisioned the renovated space, where a young Schwarzman once dined, as an eventual locus for students across campus.

“Mr. Schwarzman has always been compelled by the idea that we could make student life at Yale more focused on campus, more cross-cutting in terms of involvement of graduate students and professional students together, and that we could do that in a space that was iconic, at the heart of campus,” University President Peter Salovey said in an interview last year.

The University had initially planned to begin construction last June and finish it by June 2020. However, the University’s current timeline has shifted the schedule by a few months, with construction currently slated to conclude in the fall of 2020.

Read the full story at Yale Daily News