UCLA will break ground on its new football and basketball practice facilities in August, less than two years after fundraising first began.

An official ceremony will be held on Thursday, Aug. 27 for both the Wasserman Football Center and Mo Ostin Basketball Center, west of Spaulding Field and southwest of Pauley Pavilion. Football and basketball head coaches Jim Mora, Steve Alford and Cori Close will be present, as will donors Casey Wasserman and Mo Ostin.

“This is confirmation that UCLA will continue as the premier intercollegiate athletics program in the nation while remaining a force to be reckoned with well into the future,” athletic director Dan Guerrero said in a statement.

UCLA has now raised more than $54 million toward the full $65 million budgeted toward the football facility. The building had originally been planned as a $50 million project, but the school bumped its goal up in February after a $10 million donation from Jim and Carol Collins.

Mora’s contract stipulated that if construction on the facility did not begin by Oct. 1, he could leave the Bruins without paying a buyout.

UCLA has raised more than $16 million of the $25 million needed for the basketball facility.