Milton Friedman Institute

This was news to me, but apparently, the University of Chicago is constructing a $200 million "Milton Friedman Institute." From the picture, it looks like it's going to be located at where the current Chicago Theological Seminary is located. I know some people who find such an image to represent everything wrong with the world. The seminary is being moved, though. Here, too, is the initial proposal for the creation of the Institute. From the sound of it, it would be basically one of these cross-disciplinary economics departments at Chicago, like the GSB, Harris School, or the Becker Center on Chicago Price Theory (it to a lesser degree). It'll have two year post-docs, for instance, that will be competitive and undoubtedly highly prestigious (I get the sense Chicago wants to create more competitive post-doc opportunities to compete with Harvard Society of Fellows and Robert Wood Johnson, as well as some things at other Ivy League schools), and then evolves into a teaching position there. It sounds like a fairly ambitious institute the more I'm reading that document - much more than some vanity initiative like the way some "centers for private enterprise" seem to be, where fellows basically write a few pieces for the newspaper or CATO. Even Hoover Institute seems that way to me a little bit, but I admittedly know little about that group. This strikes me as a more rigorous, academic institute - something which is fitting for a giant like Friedman.