AUBURN, Ala. (EETV) - Auburn University’s Harbert College of Business held a ceremonial ribbon cutting Friday to formally open its new, 100,000-square-foot business building and announce its new name.

Horton-Hardgrave Hall is named for two former deans, George Horton and Bill Hardgrave. Horton served as the dean of the School of Business from 1973-1984 and Hardgrave, the university’s current provost, served as the dean of the Harbert College of Business from 2010-2017.

Harbert College of Business Dean and Wells Fargo Professor Annette L. Ranft called the building a significant milestone in the history of our college."

SGA President Mary Margaret Turton spoke to Eagle Eye ahead of the ribbon cutting and called the building a "game changer for students."

The building was funded through donors, including a $15 million lead gift from 1983 Auburn alumnus Raymond Harbert and his wife, Kathryn.

Construction on the six-story building began in April 2017 and it opened this semester. The building features a rooftop terrace, multiple rooms aimed toward collaborative group projects, and event space, and an Innovation Lab.

The college has nearly 5,000 undergraduate and 800 graduate students, 73 tenure-track faculty members and seven research centers and institutes. It was founded in 1967.