This is good news on more than one count. In addition to the new facilities, this is also further evidence that Pratt has been achieving one of the challenges that we were told about when we visited there with my daughter 6 years ago. At that time, Pratt had lost the long-term (family) sponsorship that had effectively helped to subsidize its operatoins. It was then (or around then, as I recall) in search of a new President, and one of the tasks was to find donors to support the institute including renovations of their facilities (the studios, including computer facilities, that we visited then were clearly in a need of an upgrade). However, when students and alumni see this kind of development success it really should give them cheer.