Texas billionaire and OSU alumnus T. Boone Pickens quickly donated $30 million to help purchase the land needed for the project and followed with a gift of $165 million in January 2006. In September 2006, just six months after Pickens' $165 million gift, the money had grown to a reported $267 million after sitting, unbothered, in a hedge fund. Over the next two years, the gift from Pickens grew to roughly $400 million.
But much of that money was lost during the recession, and by October 2008, Pickens' gift shrank to an estimated $125 million.
Also during the meeting, OSU officials plan to seek approval to hire an architect for a new residence hall, an architect and construction manager for a new academic building for OSU-Tulsa and OSU Center for Health Sciences, and approval to use the university's on-call construction manager for a math learning center at Edmon Low Library on OSU's Stillwater campus.