The university trustees approved a $55.5 million life-of-project budget for Milstein Hall which began in 2001. In addition to the actual construction of Milstein Hall, this budget includes work on Rand Hall (foundation, elevator, washrooms), Sibley Hall (foundation, air handling), the Foundry (roof), University Avenue, surface parking and area utilities, and support costs. The stand-alone new construction cost for Milstein Hall was approximately $37.6M.