The second phase of the Paul J. Rizzo Conference Center, located in the Meadowmont community off N.C. 54, will include adding 69,000 square feet of new floor area for meeting and classroom space, 60 guest rooms to the McLean Residence Hall and 49 parking spaces.
David Stevens, chief financial officer for the business school and director of the executive education program, said the architect and contractor who created the first phase of the Rizzo Center -- which opened two years ago -- have been retained for the second phase to ensure consistency.
Stevens said school officials hope to break ground by spring or summer and anticipate that the construction will last 15 to 18 months.
He said he hopes the construction will be completed by the end of 2004.
The classes offered at the Rizzo Center are for working professionals, many of whom already have degrees from UNC.
After a few years in the business world, many business professionals realize they need more training, said Robert Sullivan, dean of the business school.
"(Professionals) come from all over the country and the world to study at the Rizzo Center," he said.
Stevens said the renovations and expansions are just part of the business school's push to double the size of the executive education program in the next three to five years.
This summer, the 2002 Financial Times rankings listed UNC's business school as the best international executive education program at a public university.