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

  • 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. 

Tags: , , ,

Orlando Weekly works for you, and your support is essential.

Our small but mighty local team works tirelessly to bring you high-quality, uncensored news and cultural coverage of Central Florida.

Unlike many newspapers, ours is free – and we'd like to keep it that way, because we believe, now more than ever, everyone deserves access to accurate, independent coverage of their community.

Whether it's a one-time acknowledgement of this article or an ongoing pledge, your support helps keep Orlando’s true free press free.


Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Read the Digital Print Issue

April 8, 2020


© 2020 Orlando Weekly

Website powered by Foundation