Ilitches donate $40M to Wayne State for new business school

Cropped Photo: Susie Plank / Creative Commons Attribution 2.0 Generic

DETROIT (AP) – The family that owns Little Caesars Pizza and the Detroit Tigers and Red Wings has donated $40 million to build a new business school at Wayne State University.

The Detroit university announced Friday that Mike and Marian Ilitch made the gift to build the school near the new Red Wings arena and entertainment district under development. Wayne State says it’s the largest gift to the university.

The donation includes $35 million plus the use of the land for the facility’s construction, and a $5 million endowment. The Mike Ilitch School of Business is set to open in 2018.

The Ilitches donated $8.5 million to Wayne State’s medical school last year to boost surgical innovation.

The gift is expected to be approved by the school’s Board of Governors later Friday.

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