If the UDC donated the money for the building then they should have the name remain.
It isn't that hard to change names in people's minds though. During my sophomore year, one of our dorms was changed from New West Hall to Taylor Hall after Kathryn Taylor, the wife of our then-President. It was hard at first and alot of people called it New West but now two years later, no one even remembers the old name anymore.
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