KU Endowment President Dale Seuferling says it is within $3.4 million of reaching its goal of $60.5 million for Capitol Federal Hall, a new School of Business building.
The project's total cost is $70.5 million, with the university paying $10 million for site preparation, utilities and furnishings.
Seuferling says KU Endowment announced the lead gift for the building, $20 million from Capitol Federal Foundation, in October 2012.
Dale Seuferling, president of the Kansas University Endowment Association, says the high construction bids for the $18 million project might require some changes to the building.
The Lawrence Journal-World reports the bids were all more than the contract, although no bid was more than 10 percent higher.
Seuferling said he expected the final bid to be awarded next month and construction to start in August.
Dale Seuferling | Welcome message
The president is responsible for overall management of KU Endowment in accordance with its charter and bylaws.
He reports to the Executive Committee of the Board of Trustees.
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