Jeff Gates of New York City has made a $1 million gift to support the new building for the College of Business Administration at Kansas State University.

The proposed new building plan has 140,000 square feet of space featuring tiered classrooms, a large showcase lecture hall, computer labs, a financial research lab, and an executive conference room.

Gates received a bachelor’s degree in finance from Kansas State University in 1984, and a master’s in business administration from the Wharton School, University of Pennsylvania in 1988. He is president of Gates Capital Management, a New York City-based event-driven alternative asset manager advising on a family of funds for institutional and private clients globally.