In one of his first duties as Florida State University’s President, John Thrasher appeared before the Florida Cabinet Wednesday. The Cabinet approved a land swap to build a new business and hospitality school.
Thrasher is pushing a plan for FSU to acquire a parcel of land next to the Tallahassee Civic Center in exchange for a handful of other lots and nearly a million dollars in cash. On the undeveloped plot of land known as the O’Connell property, FSU plans to build a new College of Business. Thrasher says much of the funding will be private.
“In fact, our dean who would be here today is out working on raising private funds for this new legacy hall,” Thrasher says. “She’s doing a great job, and we hope to frankly get most of the money that we will use to build this from private sources.”
The land exchange has been in the works for nearly a year. It’s part of a larger plan known as the Madison Mile developing the area between Civic Center and Doak Campbell stadium.