South Kingstown, R.I. (AP) — The University of Rhode Island is preparing to formally open its new $75 million pharmacy building, which has tripled the capacity of its College of Pharmacy.

University officials next week are marking the opening of the five-story, 144,000 square-foot building, the largest academic building on the South Kingstown campus.

Officials say the building was funded through $65 million in bonds and $10 million in private donations and university money.

A ribbon-cutting is planned for Tuesday with URI President David Dooley, U.S. Rep. James Langevin (LAN'-jih-vin) and others.

A new $42 million, 429-bed residence hall is also being built. It had initially been expected to open to students next month but a university spokeswoman says it will be ready in October. She says all students have been accommodated with temporary housing.