Monday, February 29, 2016

UCF rakes in $2.5 million more for downtown campus plans

Posted By on Mon, Feb 29, 2016 at 4:21 PM

click to enlarge PHOTO VIA THE UNIVERSITY OF CENTRAL FLORIDA
  • Photo via the University of Central Florida
The University of Central Florida landed $2.5 million in donations days before the school is set to present its downtown campus plans to the Florida Board of Governors this Wednesday. 

That puts UCF at $13 million in community support, according to a press release, which is $7 million short of the $20 million the university projected it needed. Monday's $2.5 million donation included: 

- $1 million from Creative Village Development, LLC
- $500,000 from Orlando philanthropist Alan Ginsburg
- $300,000 from Orlando City Soccer Club
- $250,000 from CNL Financial Group
- $250,000 from two Universal Orlando entities 
- $100,000 from Dr. Bruce Douglas of Winter Park
- $100,000 from Coca-Cola

“Many of our community partners have responded generously to our request for $20 million in philanthropy supporting UCF Downtown,” says UCF President John C. Hitt in a statement. “We appreciate our community’s strong commitment as we look forward to making our case for a downtown campus to the Board of Governors.”

After Florida Gov. Rick Scott vetoed UCF's request for $60 million in state funding, the university looked for funding from government agencies and the private sector. The state has agreed to provide $20 million in funding, with UCF contributing $20 million from its own pockets. 

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