It makes a difference. If you had your choice of jobs, would you rather work at Place A, which is a dumpy 1960s office with few windows or Place B, which is a brand-new skyscraper with a nice view and free coffee. If you like Company A and Company B about equally, Company B is the clear winner.
It also sends a message to kids; this program is making an investment to you, so you need to make an investment in it. Get to work and deliver results. Frankly, the room looks amazing and I love what it says about Pitt.