Transy gets $2 million gift to renovate building

LEXINGTON, Ky. (AP) — Transylvania University has received a $2 million gift from a retired CSX Corp. executive and his wife to help renovate one of its main academic buildings.

The Lexington Herald-Leader (http://bit.ly/11yZc9R) reports that Alvin R. "Pete" Carpenter and his wife, Marilyn, will help finance a renovation of the Haupt Humanities Building. The renovation is expected to cost $4 million to $6 million.

Transylvania officials say construction will start once the total amount is raised.

Pete Carpenter is a Kentucky native from Mount Vernon and a 1964 alumnus of Transylvania. He retired in 2001 as vice chairman of CSX Corp.

He has been an active alumnus of Transylvania, having served on the school’s board of trustees from 1993 to 2000.

 

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Categories: News, State News

Leave a Reply

Your email address will not be published. Required fields are marked *