$17.5M Alumnus Gift Paves Way For 'Transformation' Of Iona Building School

A near $20 million dollar gift from an alumnus will allow Iona College to move forward with a “planned transformation of its business school building.”

An artist's rendering of the new business school at Iona College.
An artist's rendering of the new business school at Iona College. Photo Credit: Iona College

Due to a $17.5 million gift - the largest in Iona history - from Robert V. LaPenta '67, the college has received the necessary approvals from the City of New Rochelle and is set to break ground on the transformed building next month.

The redesigned building is scheduled to open for the spring semester in the 2019-20 academic year.

According to officials, the new space will be more than double the current space available to business students and staff. Officials said that it will feature a “variety of high-tech learning spaces include state-of-the-art classrooms and computer labs, case study and meeting spaces, faculty offices, a lecture hall, a business career center, an expanded trading floor classroom, and a media suite.”

"It's an extremely exciting time for our School of Business as we create a facility that fosters the interactive learning environment critical to training 21st-century leaders," William Lamb, dean of Iona's School of Business said in a statement. "We are eager to commence construction as we progress toward an upgraded and expanded building that will help elevate our student offerings to new heights.”

”The new School of Business will be transformative for the entire College," said Iona College President Joseph E. Nyre added. "We are greatly appreciative to Robert V. LaPenta for his extraordinary gift and look forward to continuing to partner with the City of New Rochelle and the talented build team on this project."

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