Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Foster's Yale project put on hold

  • Comment
Foster + Partners’ landmark business school for the prestigious American university has become yet another victim of the credit crunch

Foster’s $150 million (£104 million) School of Management at Yale had been scheduled to open in 2011 but the Ivy League school’s president Richard Levin announced that the construction of the school has been postponed ‘until market conditions improve’. However, he added that the design process for the 22,000m² scheme, which was only unveiled in December, would proceed.

The project is one of several at the university that have been affected, including a $200 million biology building by Cesar Pelli, as a result of a 25 per cent reduction in the school’s endowment fund from a reported $22.9 billion to $17 billion.

Meanwhile, Foster + Partners are one of six practices shortlisted to design the National Museum of African American History and Culture in Washington DC. Other shortlisted practices include David Adjaye's Adjaye Associates in partnership with Freelon and Davis Brody Bond; Pritzker award-winner IM Pei's Pei Cobb Freed & Partners; Diller Scofidio + Renfro; Moshe Safdie and Associates and Moody Nolan.

Construction of the building, which is estimated to cost $500 million is expected to start in 2012 and complete by 2015.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.

Related Jobs

AJ Jobs