Sandra Richter noted at the dedication ceremony that when she and her husband decided it was time to "give back," her first thought was St. Bonaventure. "Nothing against Harvard, but (my alma mater) needs it more," she said to cheers and laughter from hundreds of students and staff. She said it made her "very proud" to be able to be a part of bringing the center to campus.
William Richter said his visits to Olean and campus convinced him the center was needed. He noted that "giving is a privilege, not an obligation,” and encouraged students to follow in his footsteps. “Each of you, therefore, should embrace the privilege of giving,” he said, asking students to make a gift to Bonaventure part of their annual budget, whatever it may be.
William Richter is president, co-founder and senior managing director of New York City-based Cerberus Capital Management LP and its affiliated entities. He received a B.A. from Harvard College and an M.B.A. from Harvard Business School.
University president Sr. Margaret Carney, O.S.F., S.T.D., told students the new facility “will make the Bona journey even better than it already is.”
The construction was a local project: Cannon Design of Buffalo designed the structure and Duggan & Duggan Contractors of Allegany served as general contractor on the project, with University employee Nick Ersing praised for his exacting work as project manager.