The fourth floor will be used as temporary homes for engineering facilities that are undergoing renovations. Staff and others will relocate to the area until work is complete so education and research won't be affected, Hornett said.
Bob Falk, president and CEO of Purdue Federal Credit Union, said employees are eager to move into Wang Hall. The credit union was in one of several buildings demolished to make way for the hall. Since late 2012, the branch temporarily relocated to Purdue West shopping center.
"They built a beautiful building," Falk told the Journal & Courier (http://on.jconline.com/PpTMbw ). "The change in the tenants works for us, because virtually everyone in the building will be eligible to be customers."
Falk said the Purdue West location will remain open through most of the year.
Who the credit union will share the ground floor with is unknown. Hornett said discussions are underway with about 20 entities.
"Two or three restaurants/coffee shops," Hornett said about what will eventually open there. "We are still working on getting those landed."
Wang Hall was originally envisioned as an $18 million building to house the School of Electrical and Computer Engineering as part of Discovery Park on the west side of campus. Patrick Wang, chairman and chief executive officer of Johnson Electric in Hong Kong, and his wife, Lucy, gave $5 million in 2003 for that building. Wang Hall is named after Patrick Wang's father.
Purdue will pay $18 million in the form of prepaid rent as part of the sublease agreement for the Electrical and Computer Engineering School space — $14.8 million will come from gifts, and the rest from capital reserve funds. In addition to the prepaid rent on the sublease, Purdue will be responsible for a proportionate share of common area, building operation and maintenance costs, as are other tenants in the facility, according to Purdue Research Foundation.
Information from: Journal and Courier, http://www.jconline.com
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.