Virginia Tech Board Advances Athletics Strategy, Residence Halls, and Governance Changes

Virginia Tech's Board of Visitors approved forming Hokie Ventures to bolster athletics revenue and donor relations, authorized four new residence halls and related renovations to support campus housing renewals, discussed opportunities in national security research funding, and approved a flat $2.5 billion budget for 2026-27 with graduate assistant pay and benefits increases. The meeting also included the withdrawal of a Living-Learning Program affordability proposal, the closure of the Department of Religion and Culture with teach-outs, governance restructuring, and announced faculty appointments; next meeting is Aug. 24–26 in Blacksburg.