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$20 Million Gift From Alumnus Paul Tudor Jones Puts U.Va. Basketball Arena Project On The Fast Track October 29, 2001 University of Virginia alumnus Paul Tudor Jones II, a Connecticut businessman and philanthropist, has pledged $20 million to his alma mater. Jones' gift, a 10-year pledge to the U.Va. Department of Athletics, will allow the department to fast track a new basketball arena project, moving it quickly through the final planning stages to groundbreaking. The announcement, made today by University President John T. Casteen III, comes just four months after an anonymous donor pledged an initial $20 million that allowed the University to proceed with plans for the $125 million, 12,000- to -15,000-seat arena. "Paul Tudor Jones came forward with his customary generosity and business-like approach," Casteen said. "Paul has said more than once, 'Let's get things moving.' His gift pushes us much closer to doing exactly that, and will bring completion of the project nearer than we had earlier imagined. "For many years he has helped to move the University forward in academics, and now he is doing the same for athletics. All of us at the University of Virginia are grateful to Paul - for both his generosity and his unfailingly energetic support." | |
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