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Iona College Celebrates Groundbreaking for Business School Building

On Thursday, July 26, Iona College celebrated the official groundbreaking of its new business school building with a ceremony that included alumni, friends, officials from Iona College and the City of New Rochelle, and members of the local community.

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A group shot of the participants with shovels at the LaPenta School of Business groundbreaking.

From Left: Darrell P. Wheeler, Ph.D., MPH, ACSW, James Hynes '69, '01H, William B. Lamb, Ph.D, Robert V. LaPenta '67, '00H, President Joseph E. Nyre, Ph.D., New Rochelle Mayor Noam Bramson, Br. Kevin M. Griffith, CFC, ’83, and Hannah McGowan '20.

NEW ROCHELLE, N.Y. – Iona College celebrated the official groundbreaking of its new business school building with a ceremony that included alumnus and Board of Trustees member Robert V. LaPenta '67, '00H, officials from Iona College and the City of New Rochelle, and members of the local community. Remarks were delivered by Mr. LaPenta, Iona School of Business Dean William B. Lamb, Ph.D., President Joseph E. Nyre, Ph.D. and Student Government Association President Hannah McGowan '20, as well as New Rochelle Mayor Noam Bramson.

See a time-lapse video feed of the School of Business construction

The new business school building, upon expected completion in Spring 2020, will dramatically impact Iona by more than doubling the current academic space of the facility for use by faculty and students from both the School of Business and School of Arts & Science. High-tech learning spaces will include state-of-the-art classrooms and computer labs, a central atrium event space, case study and meeting rooms, faculty offices, a lecture hall, a business career center, an expanded trading floor classroom, and a media suite.

The new building is made possible through Robert LaPenta’s generous $15 million gift announced in November 2015, to which he later added $2.5 million through a matching gift challenge, increasing his total donation to $17.5 million, the largest gift in the institution’s almost 80-year history. To date, more than 50 donors have made contributions to the project through the matching challenge.

"Today is a truly historic day for Iona’s School of Business, which stands stronger than ever following the groundbreaking,” said Dean Lamb. "We are deeply committed to continuous improvement, service to students, and community impact, and we are excited for 2020, when we will have a state-of-the-art space and a dramatically heightened student experience.”

 “We have many people to thank for making this beautiful day a reality – Mr. LaPenta, who has generously invested in our future, and officials and community members alike in New Rochelle have also played a key role in securing a prosperous tomorrow,” said President Nyre. “To be able to offer our students the best faculty in their fields, complemented by state-of-the-art facilities, fits the vision of what we seek to accomplish here at Iona through our new business school building.”

Iona College is working with the architectural design and planning firm, Gensler, to design the physical spaces of the new facility, along with Langan Engineering, which is collaborating on the site plan and civil engineering work and JLL as the owner's representative.

Dean Lamb, Robert LaPenta and past President Nyre shoveled at the groundbreaking ceremony for the LaPenta School of Business.

Founded in 1940, Iona College is a master's-granting private, Catholic, coeducational institution of learning in the tradition of the Edmund Rice Christian Brothers. Iona's 45-acre campus is just 20 miles north of Midtown Manhattan. With a total enrollment of nearly 4,000 students and an alumni base of over 50,000 around the world, Iona is a diverse community of learners and scholars dedicated to academic excellence and the values of justice, peace and service. Iona is highly accredited, offering undergraduate degrees in liberal arts, science, and business administration, as well as Master of Arts, Master of Science and Master of Business Administration degrees and numerous advanced certificate programs. Iona’s LaPenta School of Business is accredited by AACSB International, a prestigious recognition awarded to just five percent of business schools worldwide. The Princeton Review recognized Iona’s on-campus MBA program as a “Best Business School for 2020.” Iona College also recently launched a new, fully online MBA program for even greater flexibility.