ST. BONAVENTURE, N.Y. - St. Bonaventure University unveiled plans today to build a $10 million home for its acclaimed School of Business.

Financing plans were not revealed, but university officials said the project would be paid for through external fundraising. No precise opening date for the building has been set, although school officials expect the doors to open in 2014.

The School of Business now shares a home in the John J. Murphy Building with the Russell J. Jandoli School of Journalism and Mass Communication. The School of Business serves roughly one-third of the university’s undergraduate and graduate population, said Sr. Margaret Carney, O.S.F., university president.

“As I have talked with alumni and friends of the university about this project, I have told them that there are no other initiatives that will have a more significant effect on the university’s success in the next decade more than this project,” said Robert Daugherty, a 1977 School of Business alum and member of the Board of Trustees; he’s heading the fundraising for the building project.

“We have a product of unquestionable quality, but we do not have a facility that is commensurate with our educational reputation and capacity,” Daugherty said. “I am thrilled to be working on this project.”

St. Bonaventure’s School of Business is accredited by the Association to Advance Collegiate Schools of Business (AACSB), a distinction only 15 percent of business schools have achieved.

Mike Mistriner of Cannon Design unveiled architectural renderings of the proposed 26,000-sq.-ft. building early Friday afternoon in the Murphy Building’s Dresser Auditorium.

The building will be located between Plassmann Hall and the Reilly Center on the west side of campus.

The building will feature a financial services lab; a corporate boardroom simulator; high-tech, state-of-the-art classrooms; breakaway areas and spaces for student collaboration and team-building; vibrant space for faculty research; and a commitment to sustainability.

Despite uncertain economic times, Sr. Margaret said that universities must still embrace progress.

“It’s the visionary institutions – those that have been around for more than 150 years and plan to be around for more than another 150 years – that make bold moves, always,” she said.

The School of Business project continues a trend of dramatic infrastructure upgrades at the 152-year-old university.

Since 2004, recreation, dining, athletic and science centers have been built or overhauled, and some residence halls have received significant upgrades. This summer, campus roads will be repaved and a spur will be added to the popular Allegheny River Valley Recreation Trail that winds through campus and into the neighboring communities of Olean and Allegany.

Go to www.sbu.edu/bullishonbusiness