At its May meeting, the Baylor University Board of Regents approved construction of phase one of a new on-campus track and field stadium and voted to move forward in developing the design for the proposed new School of Business building.
Baylor Regents gave their approval to the $13.6 million track and field stadium, which will be built next to Baylor Stadium. The new facility will accommodate 5,000 spectators and include a 6,000-square-foot team building and a 13,500-square-foot indoor practice facility.
In April 2012, the university received a significant lead gift from former Baylor track letterman Richard Woodall, BBA '80, MS '81, and his wife, Donna, for the new on-campus track stadium in honor of his father and mother, Lewis and Mary Woodall.
Construction is expected to begin this summer, with the project slated for completion in time for the spring 2015 track and field season. The track and field stadium represents the final project in Baylor's Victory with Integrity campaign, a remarkably ambitious fundraising effort that raised more than $95 million, including $62 million to support new athletic facilities.
Regents also voted to approve $2.8 million to continue with programming and design developments for a new 275,000-square-foot business school building. The project cost is estimated at $100 million. With continued fundraising success, the project could break ground as early as December.
Baylor Regents approved a Ph.D. in health services research offered by Baylor's Hankamer School of Business through the Robbins Institute for Health Policy and Leadership. The interdisciplinary nature of the program will provide a unique opportunity to apply theoretical knowledge from the fields of statistics, economics, finance, health care and administration and provide solutions to the challenges that confront the nation's ability to deliver timely and efficient medical care.
As the university anticipates the fall opening of the new $70 million, 238,715-square-foot East Village Residential Community, Baylor Regents approved a request to formally name a residential college, living-learning community and 500-seat dining hall in the East Village complex.
The north building will be the Gordon Teal Residential College, named for the 1927 Baylor graduate who played a major part in developing the first silicon transistor; it will house engineering and computer science students. The south building will be Hallie Earle Hall, named for the 1901 Baylor graduate who went on to become the first female graduate of Baylor Medical School in Dallas; it will host the Science and Health Living Learning Community. A third building, the East Village Dining Commons, which will house a new dining hall as well as administrative services space.
In other business, Baylor Regents approved a 2013-14 budget of $482 million that reflects an increase of $38.6 million (8.7 percent) over the original 2012-13 budget adopted by Baylor Regents last year. It also includes an additional $16.3 million to support merit and need-based scholarships, as well as graduate assistantships and scholarships. Baylor has increased scholarship funding for students nearly 60 percent over the last four years.
Personnel costs will increase by $16.7 million or 4.4 percent, which will support approximately 12 new full-time faculty positions, 46 replacement faculty positions and 41 new staff positions. The budget also supports merit raises for faculty and staff, more competitive stipends for graduate assistants and increased funding for student workers. The budget took effect June 1.
The Board also elected three new Regents and welcomed one new Regent appointed in November by the Baptist General Convention of Texas. The new Board members who began their terms on June 1 are:
The Board re-elected five Regents to another three-year term: Jeff D. Reeter, BBA '84; William K. Robbins Jr., BA '52, LLB '54, JD '69; Philip W. Stewart, BA '73, JD '76; Richard S Willis, BBA '81, MBA '82; and Dr. Ronald L. Wilson, BA '71. Willis was reelected to serve another one-year term as chair, while Robert E. Beauchamp was re-elected as vice-chair.
The Board also expressed its appreciation to those who have completed their terms of service on the Baylor Board of Regents: Albert C. Black Jr.; Neal T. "Buddy" Jones, BA '74, JD '75; and inaugural Student Regent Kelly Rapp, BBA '13.