$30 million donation to help launch concept of INNovation Village at UNLV
LAS VEGAS, Sept. 10 /PRNewswire/ -- University of Nevada, Las Vegas
(UNLV) President David B. Ashley, Harrah's Entertainment Inc.'s (NYSE: HET)
Chairman, CEO and President Gary Loveman and William F. Harrah College of
Hotel Administration Dean Stuart Mann announced today a $30 million
donation, the largest corporate gift in the university's history.
To view the Multimedia News Release, go to:
http://www.prnewswire.com/mnr/harrahsfoundation/29693/
The $30 million gift, provided by the Harrah's Foundation, designates
$25 million toward construction costs of the William F. Harrah College of
Hotel Administration academic building and $5 million for related research,
recruitment, training and education initiatives at INNovation Village, a
series of hospitality education and research facilities to be constructed
at UNLV.
"We are extremely grateful for the generosity, support and trust of the
Harrah's Foundation in making this gift to UNLV," said UNLV President David
Ashley. "In focusing on both facilities and programmatic support, Harrah's
has made an investment in the future that will ultimately give UNLV hotel
college graduates a tremendous competitive advantage."
"The men and women who manage large hospitality operations need
considerable analytical and technological expertise in addition to
outstanding interpersonal skills," said Gary Loveman, Chairman, CEO, and
President of Harrah's Entertainment, Inc. "INNOvation Village at UNLV will
ensure that generations of hotel, food-service and casino-resort
professionals graduate with broad-based academic backgrounds and practical,
on-the-job training that will make them indispensable to major hospitality
employers."
"The generosity of the Harrah's Foundation will help launch UNLV into a
building project that will put it at the forefront of hospitality and
recreation management education programs worldwide," said Stuart Mann, dean
of the William F. Harrah College of Hotel Administration. "Having the
state-of- the-art hospitality venues of Las Vegas in proximity to the
latest in hospitality-focused academic research facilities at UNLV will
provide a collaborative environment not available anywhere else in the
world."
INNovation Village will be constructed on 6.8 acres of land located on
the UNLV Maryland Parkway campus at the southeast corner of Flamingo Road
and Swenson Street. Among the many buildings envisioned for the completed
project are a fully operational hotel, restaurants, a conference center and
a 100,000 square-foot academic building serving more than 4,000 students
and 100 faculty members. For additional information on INNovation Village,
please visit http://www.unlv.edu.
The Harrah's Foundation is a private, 501(c)(3) foundation established
to provide financial support to qualified organizations in communities
where employees of the operating subsidiaries live and work. Established in
2002, the Harrah's Foundation is funded by Harrah's Entertainment
properties and supports social reinvestment programs by funding eligible
501(c)(3) organizations dedicated to seniors, education and civic programs.
Since its formation, the Harrah's Foundation has committed nearly $25
million to nonprofit organizations throughout the United States. In 2006,
Harrah's Entertainment and the Harrah's Foundation distributed, on average,
nearly $1.5 million per week to philanthropic organizations.
For more information, please visit: http://www.harrahs.com
UNLV is a doctoral-degree-granting institution of 28,000 students and
3,300 faculty and staff. Founded in 1957, the university offers more than
220 undergraduate, master's and doctoral degree programs. UNLV is located
on a 350-acre campus in dynamic Southern Nevada and is classified in the
category of Research Universities (high research activity) by the Carnegie
Foundation for the Advancement of Teaching.
SOURCE Harrah's Foundation
 back to top
Related links:
http://www.harrahs.com
http://www.unlv.edu
CONTACT:
Dave Tonelli or Karen Sharp, both of UNLV,
+1-702-895-3102; or Debi Puccinelli, +1-702-407-6532, or Jasen
Woehrle, +1-702-739-9933, both of Harrah's Foundation
|
