NEW HAVEN, Conn. (AP) – Yale University has received a $150 million gift to build a new student and campus center.
The school says the donation came from alumnus Stephen Schwarzman. Schwartzman is the co-founder of the private equity Blackstone Group.
The money will be used to turn the Commons Dining Hall and part of the adjacent Memorial Hall into an 88,300-square-foot complex. It will include performance, exhibition, meeting, dining and gathering spaces.
The school hopes to open the center in 2020. This is the second-largest gift in Yale history.