The Mysteries of Rolfe

If you enter Rolfe Hall from the south entrance, you come across what appears to be a model of the Old Globe Theater.  There is no label indicating who made it or why it is there.

Across from the model is an electrical panel of some type with a light indicating there is "trouble."  It blinks on...

...and off and beeps each time like a truck backing up.  No one seems to be troubled by the trouble.  Finally, the one non-mystery is the identity of Rolfe which is explained on a plaque near the model:

As you can see, there was a time - back in the day - when buildings might be named after illustrious faculty members.