New center caps off financial turnaround for Oral Roberts University
The Armand Hammer Alumni-Student Center at Oral Roberts University was dedicated Friday, Feb. 1, 2013.
Copyright 2013 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 02/01/2013
TULSA -- Oral Roberts University dedicated a $12 million student and alumni center Friday and school leaders say it represents a major turnaround at the Tulsa evangelical university.
Leaders opened the Armand Hammer Alumni-Student Center Friday, marking the first major construction project in more than 30 years on campus.
The 28,000-square-foot center was built debt-free.
Only a few years ago, the school was tens of million dollars in debt, then-president Richard Roberts resigned amid a financial scandal and the 1960s-era campus looked worse for wear.
But thanks to billionaire Oklahoma City businessman Mart Green, heir to the Hobby Lobby craft supply store fortune, the school paid off $55 million in debt and made $40 million in renovations.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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