Groundbreaking set for Wayne State's Mike Ilitch School of Business
A groundbreaking ceremony Wednesday morning will officially kick off construction of Wayne State University's new $50 million Mike Ilitch School of Business. The new business school, expected to be complete in 2018, is the product of a $40 million donation from the Ilitch family, $35 million of which will be used for the 120,000-square-foot building at Woodward Avenue and Temple Street. The remaining $5 million from the donation is for an endowment for the school itself. The new school is part of The District Detroit project, the sweeping redevelopment plan for 45-50 blocks of the downtown area that will include the new $627.5 million hockey arena for the Detroit Red Wings.