In the news

Razing a building to raise new WSU business school downtown

May 6, 2016

First you raze a building, then you raise a building. That's what appears to be happening soon with the rundown property at 33 Temple St. just west of Woodward Avenue to make way for the Wayne State University Mike Ilitch School of Business. The 60,000-square-foot factory building — which is owned by a subsidiary of Ilitch Holdings Inc., parent company of Olympia Development — sits right in the footprint of the planned business school, which is to be built just north of the newly minted Little Caesar's Arena for the Detroit Red Wings.

And Dean Robert Forsythe told us in the fall that a building west of the Woodward and Temple intersection would have to be demolished. Officials at Wayne State hope to break ground on the new 120,000-square-foot building this summer. The majority of the new business school is being funded with $35 million of a $40 million donation from the Ilitch family; the remaining $5 million is for an endowment for the school itself. Construction is expected to cost approximately $50 million in all. The university hopes to move most of its business school there by the winter semester of 2018.