By the 1997 fall semester, a new building will be ready for the College of Business and Economics. Named MBNA America Hall, in recognition of a $2.5 million gift from the financial services giant, the 45,000-square-foot building will feature spacious, centrally located office suites for all B&E centers, including the Small Business Development Center and the Center for Economic Education and Entrepreneurship. State funding for MBNA America Hall totals $11 million. The balance of the $15 million construction cost, which includes renovation of Purnell Hall, was provided by private gifts, among them $2.5 million from MBNA America, $1 million from benefactor Chaplin Tyler of Hockessin, $150,000 from J.P. Morgan & Co., $100,000 from Wilmington Trust Co. and $50,000 from PNC Bank. The project is being designed by Stubbins Associates Inc. of Cambridge, Mass., a firm with significant collegiate experience, having designed buildings at Vanderbilt and Duke universities and the University of Chicago, as well as such diverse buildings as the Landmark Tower in Tokyo, the Citicorp Center in New York City and the Ronald Reagan Presidential Library in Simi Valley, California.

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