Phoenix City Council Votes $13.5 Million For ASU's Thunderbird

PHOENIX, AZ – Arizona State University is getting $13.5 million from the city of Phoenix for its new Thunderbird School of Global Management. The council made the commitment in a unanimous decision.

The $13.5 million will come from the city's Downtown Community Reinvestment Fund and will be paid over nine years once the school is open.

"Thunderbird’s world-class graduate degree offerings and executive education programs provide a valuable edge for Phoenix to succeed in a global economy," says Councilwoman Kate Gallego. Our partnership will help Thunderbird expand their programs and make Phoenix an international hub for tomorrow’s business leaders.

"Thunderbird has a long history in our region, and I look forward to their next chapter of growth in the heart of our city."

ASU announced in December that they would move the school to its campus in downtown from Glendale.

The university is investing in a new building on its downtown campus. It will include between 85,000 and 95,000 square feet of classroom, meeting, enclave and office space and will be home to both Thunderbird's graduate degree and executive education department.

The building, which is expected to open in 2021, will be located south of the Sandra Day O'Connor College of Law on Polk Street between 1st and 2nd Streets.

It will be the university's sixth school on the campus.

Rendering of Arizona State's new downtown building courtesy Arizona State.