The grant gives renewed hope to the project. A tight Silicon Valley real estate market and the failure of an anticipated $3-million Congressional grant threw monkey wrenches in the center's earlier attempts to find space. Business incubators in nearby San Ramon and Concord have guaranteed leases provided by their cities' redevelopment agencies. Livermore says it is unable to do the same.
To date, the center has been operating in "virtual time," using the Internet and telephone as its meeting grounds. But center officials say the extra money may help find them physical quarters in the near future.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
